CapMan Oyj announced group earnings results for the fourth quarter and full year ended December 31, 2013. For the quarter, the company reported turnover of €6,537,000 compared with €6,049,000 for the same period a year ago. Operating loss was €842,000 compared with operating profit of €664,000 for the same period a year ago. Loss before tax was €1,854,000 compared with profit before tax €614,000 for the same period a year ago. Loss attributable to equity holders of the company was €2,412,000 or €3.6 loss per diluted share compared with profit attributable to equity holders of the company of €408,000 or €0.3 loss per diluted share for the same period a year ago.

For the full year, the company reported turnover of €29,774,000 compared with €27,304,000 for the same period a year ago. Operating loss was €3,347,000 compared with €2,603,000 for the same period a year ago. Profit before tax was €1,990,000 compared with €3,332,000 for the same period a year ago. Profit attributable to equity holders of the company was €1,459,000 or €1.2 loss per diluted share compared with €2,708,000 or €0.3 per diluted share for the same period a year ago. Cash used in operating activities was €2,965,000 compared with €8,758,000 for the same period a year ago. Return on equity of was 2.0% compared with 3.2% for the same period a year ago.

The company provided earnings guidance for the full year of 2014. For the year, the company expects earnings per share to improve significantly from the level achieved in 2013 due to increasing operating profit.