Valmieras Stikla Skiedra Revised Consolidated Earnings Guidance for the Full Year of 2014; Reports Unaudited Consolidated Earnings Results for the Nine Months Ended September 30, 2014
The company reported unaudited consolidated earnings results for the nine months ended September 30, 2014. Consolidated net turnover has reached EUR 87.1 million against EUR 66.8 million last year. Operating profit was EUR 7.2 million against EUR 5.2 million last year. Profit from operations and before tax was EUR 6.3 million against EUR 4.1 million last year. Net profit reached EUR 5.9 million against EUR 4.0 million last year. Earnings per share were EUR 0.2478 against EUR 0.1693 last year. Cash provided by operating activities was EUR 7.6 million against EUR 9.5 million last year. Purchase of fixed and intangible assets was EUR 8.3 million against EUR 7.2 million last year. The consolidated operating profit (EBITDA) was EUR 14.3 million, 28% more than last year.