Ilkkar Yhtyma Printing Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2016; Provides Earnings Guidance for the Year 2016
August 08, 2016 at 07:00 am EDT
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Ilkkar Yhtyma Printing announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2016. For the second quarter, net sales were EUR 10,169,000 against EUR 10,634,000 a year ago. Operating profit was EUR 2,476,000 against EUR 2,969,000 a year ago. Profit before tax was EUR 2,011,000 against EUR 3,266,000 a year ago. Profit was EUR 1,968,000 or EUR 0.08 per undiluted share against EUR 2,982,000 or EUR 0.12 per undiluted share a year ago. Adjusted operating profit from the Group's own operations amounted to EUR 786,000 against EUR 1,268,000 a year ago.
For the six months, net sales were EUR 19,917,000 against EUR 20,712,000 a year ago. Operating profit was EUR 3,224,000 against loss of EUR 4,040,000 a year ago. Profit before tax was EUR 1,733,000 against EUR 4,141,000 a year ago. Profit was EUR 1,794,000 or EUR 0.07 per undiluted share against EUR 3,766,000 or EUR 0.15 per undiluted share a year ago. Cash flow from operations was EUR 2,088,000 against EUR 3,340,000 a year ago. Investments in tangible and intangible assets, net operations were EUR 631,000 against EUR 373,000 a year ago. Adjusted operating profit from the group's own operations amounted to EUR 1,304,000 against EUR 1,948,000 a year ago.
For the year 2016, net sales of the company are estimated to decline from the 2015 level. Adjusted operating profit from the Group's own operations is expected to decline clearly from the 2015 level.
Ilkka Yhtyma Oyj is a Finland-based company engaged in the provision of printing and publishing services. The Company operates through three segments: Publishing, Printing, and Associated companies. The Publishing segment comprises the activities of subsidiary I-Mediat Oy, responsible for publishing regional (Ilkka and Pohjalainen) and local newspapers (Viiskunta, Komiat, Jarviseutu, Suupohjan Sanomat and Jurvan Sanomat), as well as free sheets (Vaasan Ikkuna and Etela-Pohjanmaa). The segment also covers online and mobile services, as well as marketing and communications services, including influencer marketing portal somessa.com. The Printing segment comprises the activities of I-print Oy, which offers newspaper printing, as well as other digital and specialty printing products and services, including sheet printing, brochure folding, large format prints and label printing, among others. The Company also includes a property subsidiary, Kiinteisto Oy Seinjoen Koulukatu 10.
Ilkkar Yhtyma Printing Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2016; Provides Earnings Guidance for the Year 2016