Payton Planar Magnetics Ltd. Announces Unaudited Consolidated Earnings Results for the Six Months Ended June 30, 2017
Payton Planar Magnetics Ltd. announced unaudited consolidated earnings results for the six months ended June 30, 2017. For the six months, sales Revenue was USD 14,370,000 compared to USD 14,068,000 a year ago. Operating profit was USD 2,335,000 compared to USD 1,426,000 a year ago. Profit before income taxes was USD 2,481,000 compared to USD 1,519,000 a year ago. Profit for the period was USD 1,949,000 or USD 0.11 per share compared to USD 1,243,000 or USD 0.07 per share a year ago. Cash flows generated from operating activities were USD 4,735,000 compared to USD 1,416,000 a year ago. Investment in fixed assets was USD 262,000 compared to USD 263,000 a year ago.