AS Valmieras stikla skiedra Reports Unaudited Consolidated Earnings Results for the Six Months Ended June 30, 2018
August 31, 2018 at 10:00 am EDT
AS Valmieras stikla skiedra reported unaudited consolidated earnings results for the six months ended June 30, 2018. For the six months, the company's sales were EUR 60,934,594 compared to EUR 69,116,632 a year ago. Loss from operations was EUR 1,854,513 compared to profit of EUR 6,106,855 a year ago. Loss before tax was EUR 2,296,195 compared to profit of EUR 6,026,382 a year ago. Loss was EUR 2,809,841 compared to profit of EUR 5,595,882 a year ago. Profit attributable to owners of the Parent was EUR 249,822 compared to EUR 5,210,520 a year ago. Earnings per share was EUR 0.0105 compared to EUR 0.2179 a year ago. Cash used in operating activities was EUR 2,477,949 compared to cash provided by operating activities of EUR 6,746,140 a year ago. Purchase of fixed and intangible assets was EUR 8,124,380 compared to EUR 12,271,652 a year ago. Operating profit (EBITDA) was EUR 5.43 million and that is EUR 6.27 million or 53.4% less than in the year 2017. The loss before interest and taxes (LBIT) was EUR 1.854 million and that is EUR 7.96 million lower than in the year 2017.