Kardan N.V. Reports Unaudited Consolidated Financial Results for the Third Quarter and Nine Months Ended Sep. 30, 2016
Kardan N.V. reported unaudited consolidated financial results for the third quarter and nine months ended Sep. 30, 2016. For the quarter, total revenues were €30,249,000 against €42,822,000 for the same period of last year. Loss from operations was €4,218,000 against €3,687,000 for the same period of last year. Loss before income taxes was €18,936,000 against €1,156,000 for the same period of last year. Net loss attributable to equity holders was €3,349,000 against profit of €4,325,000 for the same period of last year. Diluted loss per share was €0.03 against EPS of €0.03 for the same period of last year. Net cash used in operating activities was €24,290,000 against inflow of €21,275,000 for the same period of last year. Acquisition of tangible fixed assets and investment properties was €829,000 against €1,996,000 for the same period of last year.
For the nine months, total revenues were €96,256,000 against €133,061,000 for the same period of last year. Loss from operations was €4,657,000 against profit of €15,327,000 for the same period of last year. Loss before income taxes was €32,439,000 against €31,284,000 for the same period of last year. Net loss attributable to equity holders was €9,219,000 against €4,857,000 for the same period of last year. Diluted loss per share was €0.08 against €0.04 for the same period of last year. Net cash used in operating activities was €56,711,000 against inflow of €8,669,000 for the same period of last year. Acquisition of tangible fixed assets and investment properties was €5,303,000 against €33,644,000 for the same period of last year.