Sidma S.A. Steel Products Announces Consolidated and Company Earnings Results First Half of 2017
Sidma S.A. Steel Products announced consolidated and company earnings results first half of 2017. For the period, on consolidated basis, the company reported turnover of €57.9 million compared to €51.7 million in the corresponding period last year or 12% higher, while together with dealership sales it amounted to €73.4 million, increased by 12.2% compared to the same period last year. In addition, the Group's earnings before interest, taxes, depreciation and amortization (EBITDA) amounted to €3,231 thousand from 2,826 thousand last year, while earnings before taxes improved by 30% or €0.4 million, reducing losses to €0.9 million from €1.3 million in the same period last year.
For the period, on company basis, the company reported turnover was set to €38.5 million from €35.6 million, presenting an increase of 8% while together with dealership sales it was set to €53.9 million from €49.3 million in the corresponding period of 2016. Earnings before interest, taxes, depreciation and amortization (EBITDA) amounted to €2.4 million from €2.2 million in the corresponding period last year, while earnings before taxes amounted to losses of €0.9 million, improved by 12% or €0.1 million compared to those of the corresponding period last year.