Plc Uutechnic Group Oyj reported unaudited consolidated earnings results for the six months ended June 30, 2016. For the period, the company reported net turnover of EUR 16,942,000 compared to EUR 1,681,000 a year ago. Operating profit was EUR 1,065,000 compared to EUR 379,000 a year ago. Profit before taxes was EUR 702,000 compared to EUR 379,000 a year ago. Profit from the continuing operations was EUR 705,000 or EUR 0.01 per diluted share compared to EUR 297,000 or EUR 2,965.61 per diluted share a year ago. Net profit attributable to equity holders of the parent was EUR 705,000 or EUR 0.01 per diluted share compared to EUR 297,000 or EUR 8,476.57 per diluted share a year ago. Flow of funds from operations was EUR 741,000 compared to EUR 799,000 a year ago. Investments in tangible and intangible assets were EUR 702,000. Return on equity was 14.2% compared to 14% a year ago.

Due to the group's efficiency programmes and the favourable development of its order book, its turnover in 2016 is expected to be over EUR 35 million. All of its units are expected to record positive results, and the group's operating result is expected to be EUR 2.2 million to 2.4 million.