HMS Bergbau AG reported earnings results for the first half ended June 30, 2016. For the period, the company recorded positive business performance overall in the first half of 2016. Despite relatively weak commodity markets, the Group increased sales revenues by around 50 %, from EUR 52.1 million (30 June 2015) to EUR 78.2 million, in the first six months of the current financial year. Compared to 30 June 2015, the operating result (EBIT) improved to EUR 378,000, following EUR 282,000 in the first six months of 2015. The result after taxes amounted to EUR 81,000 as of 30 June 2016, following EUR 40,000 in the same period of the previous year.

The company expects sales revenues to continue rising unchanged in the current financial year along with gradually higher gross margins, which will translate into a positive annual result for financial year 2016.