HiPay Group SA Announces Consolidated Earnings Results for the Six Months Ended June 30, 2017
HiPay Group SA announced consolidated earnings results for the six months ended June 30, 2017. For the six months, the company's sales were EUR 11,579,000 against EUR 14,926,000 a year ago. LBITDA was EUR 1,223,000 against EBITDA of EUR 2,053,000 a year ago. Current operating loss was EUR 2,108,000 against profit of EUR 703,000 a year ago. Operating loss was EUR 2,198,000 against EUR 388,000 a year ago. Loss before tax of the consolidated companies was EUR 2,174,000 compared with EUR 524,000 a year ago. Net loss of the consolidated companies was EUR 2,358,000 against EUR 962,000 a year ago. Net loss was EUR 2,696,000 against EUR 962,000 a year ago. Net cash outflow resulting from operating activities was EUR 308,000 against EUR 35,000 a year ago. Acquisition of fixed assets was EUR 1,265,000 compared with EUR 1,753,000 a year ago.