Aluworks Limited Announces Earnings Results for the Six Months Ended June 30, 2018
Aluworks Limited announced earnings results for the six months ended June 30, 2018. For the period, the company's revenue was GHC 31,814,000 compared with GHC 51,067,000 a year ago. Loss from operating activities before financing cost were GHC 7,432,000 compared with profit of GHC 54,000 a year ago. Loss before income taxation was GHC 15,532,000 compared with GHC 8,874,000 a year ago. Loss for the period was GHC 15,532,000 or GHC 0.0550 per diluted share compared with GHC 8,874,000 or GHC 0.0314 per diluted share a year ago. Net cash flow used in operating activities was GHC 5,130,000 compared with GHC 3,539,000 a year ago. Purchase of property, plant and equipment was GHC 174,000 compared with GHC 23,000 a year ago.