SIDMA S.A. Reports Parent and Consolidated Earnings Results for the Nine Months of 2015; Provides Earnings Guidance for the Full Year of 2015
For the period, on parent basis, the company's turnover stood at 38.7 million from 42.0 million in the corresponding period of 2014, while together with dealership sales it amounted to 60.1 million from 63.8 million last year. At EBITDA level company recorded a profit of 717,000 from 355,000 in the corresponding nine months of 2014, improved over 100%, while at pre-tax level it recorded losses of 3.3 million from 4.2 million in 2014, improved by 21%, with selling and administrative expenses decreased by 17% or 1.2 million.
The company provided earnings guidance for the full year of 2015. By the end of 2015, the company's operating results are expected to keep on showing improvement compared to those of 2014.