Connect Group Reports Unaudited Consolidated Earnings Results for the Six Months Ended June 30, 2016
Connect Group reported unaudited consolidated earnings results for the six months ended June 30, 2016. For the period, sales were EUR 62,016,000 against EUR 56,907,000 a year ago. Profit before taxes was EUR 137,000 against loss before taxes of EUR 7,015,000 a year ago. Net profit attributable to equity holders of the parent was EUR 135,000 against net loss attributable to equity holders of the parent of EUR 7,017,000 a year ago. Diluted earnings per share were EUR 0.01 against diluted loss per share EUR 0.68 a year ago. Net cash from operating activities was EUR 1,165,000 against net cash used in operating activities of EUR 2,622,000 a year ago. Purchases of property, plant and equipment was EUR 296,000 against EUR 1,405,000 a year ago.