Conafi Prestito S.p.A. Reports Consolidated Earnings Results for the First Quarter Ended March 31, 2016
Conafi Prestito S.p.A. reported consolidated earnings results for the first quarter ended March 31, 2016. For the period, the company has posted revenue of €2,403,000 and net loss of €1,343,000 against €552,000 a year ago. Result from normal operations was €1,331,000 against €527,000 a year ago. Purchase of property, plant and equipment was €25,000. Purchase of intangible assets was €24,000 against €29,000 a year ago. Net cash used in operating activities was €1,298,000 against net cash generated in operating activities of €1,680,000 a year ago.