Toya Group Reports Consolidated Earnings Results for the First Quarter Ended March 31, 2016
May 04, 2016
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TOYA Group reported consolidated earnings results for the first quarter ended March 31, 2016. For the quarter, the company reported revenues from sales were PLN 64,206,000 compared to PLN 62,827,000 a year ago. Operating profit was PLN 8,752,000 compared to PLN 6,680,000 a year ago. Profit before income tax was PLN 8,709,000 compared to PLN 6,348,000 a year ago. Net profit was PLN 7,024,000 compared to PLN 5,117,000 a year ago. Net profit for the period attributable to shareholders of the parent company was PLN 7,024,000 compared to PLN 5,117,000 a year ago. Basic and diluted earnings per share was PLN 0.09 compared to PLN 0.07 a year ago. Net cash from operating activities was PLN 5,352,000 compared to net cash used in operating activities of PLN 12,535,000 a year ago. Purchases of tangible fixed assets and intangible assets was PLN 510,000 compared to PLN 438,000 a year ago.
Toya SA is a Poland-based producer and distributor of hand and power tools. The Company's products include, spanners, sockets, torque wrenches, screwdrivers, pliers, electrician tools, hammers, chisels, cutting tools, pneumatic tools, garden tools, clamps, health and safety articles, measuring tools, hydraulic and construction tools, fastening tools, impact drills, rotary hammers, cordless tools, grinders, polishers, jig saws, circular saws, submersible pumps, electric pressure washers, soldering guns, paint and mortar mixers, faucets, shower handles, bathroom scales, toilet seats, and wide range of modern design bathroom accessories. Its portfolio comprises such brands as: YATO, FALA, FLO, POWER UP, STHOR, VOREL and LUND. On July 16, 2014, the Company raised its stake in Yato Tools (Szanghaj) Co Ltd to 100%.