CapMan Oyj Announces Group Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013; Provides Earnings Guidance for the Full Year of 2014
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.