Clydestone Limited Reports Audited Consolidated Earnings Results for the Year Ended December 31, 2016
Clydestone (Ghana) Limited reported audited consolidated earnings results for the year ended December 31, 2016. For the year, the company reported revenue of GHC 2,531,638 against GHC 1,984,892 a year ago. Gross operating profit was GHC 1,163,797 against GHC 1,107,181 a year ago. Profit before taxation was GHC 88,353 against GHC 164,931 a year ago. Profit for the year attributable to equity holders was GHC 56,082 against GHC 129,349 a year ago. Net cash provided by operating activities was GHC 194,178 against GHC 29,462 a year ago. Fixed assets purchased was GHC 74,051 against GHC 2,450 a year ago. Intangible asset purchased was GHC 84,357 against GHC 158,631 a year ago.