Kolao Holdings Reports Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2017
Kolao Holdings reported consolidated earnings results for the third quarter and nine months ended September 30, 2017. For the quarter, the company reported revenue of $71,115,457 compared to $81,606,307 a year ago. Operating income was $6,196,120 compared to $10,789,652 a year ago. Profit before tax was $6,866,614 compared to $5,822,950 a year ago. Profit attributable to owners of was $7,035,540 or $0.15 per basic and diluted share compared to $5,672,255 or $0.12 per basic and diluted share for the last year.
For the nine months, the company reported revenue of $218,481,413 compared to $252,823,370 a year ago. Operating income was $29,889,538 compared to $38,910,276 a year ago. Profit before tax was $20,539,887 compared to $26,146,151 a year ago. Profit attributable to owners of parent was $21,015,691 or $0.44 per basic and diluted share compared to $25,688,904 or $0.54 per basic and diluted share for the last year. Cash flows from operating activities was $23,177,669 compared to cash flows used in operating activities of $8,210,707 a year ago. Purchase of property, plant and equipment was $7,559,216 compared to $8,120,339 for the last year. Purchase of intangible assets was $1,250,118 against $4,916,823 a year ago.