Cyprus Forest Industries Public Ltd Reports Consolidated Earnings Results for the Year Ended December 31, 2017
Cyprus Forest Industries Public Ltd. reported consolidated earnings results for the year ended December 31, 2017. For the year, the company reported turnover of EUR 7,896,113 against EUR 6,441,849 a year ago. Loss from operations was EUR 482,886 against EUR 637,994 a year ago. Profit before taxation was EUR 386,724 against loss of EUR 1,176,395 a year ago. Loss for the year attributable to company shareholders was EUR 427,119 against EUR 1,018,788 a year ago. Basic and fully diluted earnings per share were 13.96 cents against loss of 33.29 a year ago. Net cash from operations was EUR 1,073,430 against EUR 306,579 a year ago. Payments for purchase of intangible assets were EUR 1,956. Payments for purchase of property, plant, equipment was EUR 33,777 against EUR 21,198 a year ago.