Solucom SA Reports Consolidated Earnings Results for the Half Year Ended September 30, 2012; Provides Annual Current Operating Margin Guidance
Solucom SA reported consolidated earnings results for the half year ended September 30, 2012. For the period, the company reported net profit of 3,319,000 or 0.67 per diluted share on turnover of 59,475,000 against net profit of 2,018,000 or 0.41 per diluted share on turnover of 50,048,000 for the same period a year ago. EBIT was 4.3 million compared to 4.1 million a year ago. Operating profit of 4,867,000 compared to 4,089,000 a year ago. Profit before tax was 4,858,000 against 4,066,000 a year ago. Net cash used in operating activities was 342,000 against net cash inflow from operating activities of 597,000 a year ago. Acquisition of intangible and tangible assets was 486,000 compared to 562,000 a year ago.
At the profitability level, the company is maintaining its target of annual current operating margin in double figures, even if this target is becoming tighter due to present market difficulties.