Petrolina Public Ltd. Announces Consolidated Earnings Results for the Year Ended December 31, 2016
Petrolina (Holdings) Public Ltd. announced consolidated earnings results for the year ended December 31, 2016. For the year, the company's turnover was EUR 379,236,103 against EUR 404,849,667 a year ago. Operating profit was EUR 7,220,442 against EUR 9,412,445 a year ago. Profit before taxation was EUR 6,418,090 against EUR 8,302,104 a year ago. Profit for the year was EUR 5,622,020 against EUR 7,243,294 a year ago. Basic and fully diluted earnings per share were 6.43 cents per share against 8.28 cents per share a year ago. Net outflow of cash from operating activities was EUR 2,047,178 against net inflow of cash from operating activities of EUR 21,026,440 a year ago. Purchase of property, plant and equipment was EUR 14,344,977 against EUR 10,403,183 a year ago.