HKScan Corporation reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2016. For the quarter, net sales were EUR 482.7 million against EUR 474.8 million a year ago. Operating profit was EUR 1.7 million against EUR 3.7 million a year ago. Profit before taxes was EUR 0.2 million against EUR 1.2 million a year ago. Loss for the period was EUR 0.7 million against profit of EUR 0.7 million a year ago. Loss per share, diluted and undiluted, continuing operations was EUR 0.01 against earnings of EUR 0.01 a year ago. Net debt was EUR 156.4 against EUR 150.4 million a year ago.

For six months, net sales were EUR 921.8 million against EUR 940.8 million a year ago. Operating loss was EUR 2.6 million against profit of EUR 2.9 million a year ago. Loss before taxes was EUR 7.1 million against EUR 1.9 million a year ago. Loss for the period was EUR 10.0 million against EUR 2.0 million a year ago. Loss per share, diluted and undiluted, continuing operations was EUR 0.18 against EUR 0.04 a year ago. Cash flow from operating activities was EUR 21.0 million against EUR 34.8 million a year ago. Gross capital expenditure on PPE, was EUR 35.4 million against EUR 25.6 million a year ago.

The company announced that outlook for 2016 remains unchanged. The company expects comparable operating profit (EBIT) to improve from 2015.