COIL Reports Earnings Results for the First Half Year of 2016; Provides Earnings Guidance for the Full Year 2017
COIL reported earnings results for the first half year of 2017. For the period, the company reported revenue of 14.4 million against 15.5 million a year ago. EBITDA was 3.9 million against 4.4 million a year ago. Operating income was 2.7 million against 3.3 million a year ago. Pre-tax income was 2.3 million against 3.1 million a year ago. Net income was 2.3 million against 3.0 million a year ago. Net financial debt was 12.8 million at June 30, 2016 stable compared with December 31, 2015
For the full year 2017, the company expected revenues of nearly 30 million.