Panariagroup Industrie Ceramiche S.P.A. Announces Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2015; Provides Earnings Guidance for the Fourth Quarter of 2015
For the nine months, the company reported revenue from sales and services was EUR 259,447,000 compared to EUR 218,062,000 for the same period a year ago. Net operating profit was EUR 9,265 million compared to EUR 661,000 for the same period a year ago. Pre-tax profit was EUR 7,359 million compared to pre-tax loss of EUR 1,240 million for the same period a year ago. Net profit was EUR 4,420 million compared to net loss of EUR 1,983,000 for the same period a year ago.
The company expects for the final quarter an improvement over the fourth quarter of 2014. For reasons of a seasonal nature, the profits of the final quarter are normally lower than the previous three quarters.