NEXANS MAROC S.A. Nexans Maroc SA reported consolidated earnings results for the first half ended June 30, 2014. For the period, the company reported net sales of EUR 3,216,000 against EUR 3,412,000 a year ago. Operating income was EUR 91,000 against operating loss was EUR 78,000 a year ago.
Income before taxes was EUR 38,000 against loss before taxes of EUR 124,000 a year ago. Net income from continuing operations was EUR 24,000 against net loss from continuing operations of EUR 145,000 a year ago. Net income attributable to owners of the parent was EUR 24,000 or EUR 0.59 per diluted share against net loss attributable to owners of the parent of EUR 145,000 or EUR 4.92 per diluted share a year ago.
Net cash used in operating activities was EUR 138,000 against EUR 72,000 a year ago. Capital expenditures were EUR 71,000 against EUR 84,000 a year ago. Consolidated net debt totaled EUR 607 million as at June 30, 2014 compared with EUR 820 million as at June 30, 2013.
