Paynova AB Reports Earnings Results for the First Quarter Ended March 2018; Provides Earnings Guidance for the Year 2018
Paynova AB reported earnings results for the first quarter ended March 2018. For the quarter, the company reported revenue amounted to SEK 8.2 million against SEK 8.2 million a year ago. Loss before depreciation (LBITDA) amounted to SEK 4.0 million against SEK 3.0 million a year ago. Loss after depreciation (LBIT) amounted to SEK 6.7 million against SEK 5.0 million a year ago. Loss after tax amounted to SEK 7.4 million against SEK 5.6 million a year ago. Loss per share amounted to SEK 0.02 against SEK 0.02 per share a year ago.
For the year 2018, the company expects EBITDA to be positive.