Connect Group Reports Consolidated Earnings Results Second Half and Full Year Ended December 31, 2016
Connect Group reported consolidated earnings results second half and full year ended December 31, 2016. For the second half, the company's sales were EUR 54,793,000 compared to EUR 56,529,000 a year ago. Operating result was EUR 1,480,000 compared to EUR 566,000 a year ago. Pretax result was EUR 1,001,000 compared to EUR 44,000 a year ago. Profit was EUR 996,000 compared to EUR 38,000 a year ago. Profit attributable to equity holders of the parent was EUR 996,000 compared to EUR 38,000 a year ago. Diluted earnings per share was EUR 0.04.
For the year, the company's sales were EUR 116,809,000 compared to EUR 113,436,000 a year ago. Operating result was EUR 2,058,000 compared to loss of EUR 5,821,000 a year ago. Pretax result was EUR 1,168,000 compared to loss of EUR 6,971,000 a year ago. Profit was EUR 1,161,000 compared to loss of EUR 6,979,000 a year ago. Profit attributable to equity holders of the parent was EUR 1,161,000 compared to loss of EUR 6,979,000 a year ago. Diluted earnings per share was EUR 0.04 compared to loss per share of EUR 0.68 a year ago. Net cash from operating activities was EUR 1,483,000 compared to EUR 2,731,000 a year ago. Investments in intangible assets was EUR 19,000 compared to EUR 102,000 a year ago. Investments in property, plant and equipment was EUR 975,000 compared to EUR 2,069,000 a year ago.