Prime Car Management S.A. Announces Consolidated Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2015
For the six months, the company reported total revenues of PLN 271,616,000 compared with PLN 290,612,000 for the same period a year ago. Net profit on continuing operations and net profit was PLN 21,140,751 or PLN 1.78 per share compared with PLN 42,098,766 or PLN 3.54 per share for the same period a year ago. Net cash used in operating activities was PLN 76,278,522 compared with net cash provided by operating activities of PLN 26,682,995 for the same period a year ago. Purchase of property, plant and equipments and intangible assets was PLN 1,272,308 compared with PLN 704,812 for the same period a year ago. Net debt at the end of the period was PLN 778,391,956 against PLN 571,614,277 reported a year ago. Return on equity was 9.5% against 17.9% reported a year ago.