Biancamano S.p.A. Reports Consolidated and Parent Financial Results for the First Quarter Ended March 31, 2014
Biancamano S.p.A. reported consolidated and parent financial results for the first quarter ended March 31, 2014. For the quarter, on consolidated basis, the company reported revenues of 35,971,000 against 51,886,000 for the last year. EBITDA was 4,375,000 against 6,518,000 for the last year. LBIT was 347,000 against EBIT of 2,580,000 for the last year. Loss before taxes was 1,834,000 against 8,000 for the last year. Net loss from continuing operations was 1,985,000 against 896,000 for the last year. Net loss pertaining to Group was 1,985,000 against 896,000 for the last year. Diluted Group net loss per share was 0.06 against 0.03 for the last year. Diluted Group net loss from continuing operations per share was 0.06 against 0.03 for the last year. Cash flow used in operating activities was 12,928,000 against cash generated by operating activities of 10,788,000 for the last year.
For the quarter, on parent basis, the company reported revenues of 1,480,000 against 1,488,000 for the last year. LBITDA was 383,000 against 433,000 for the last year. LBIT was 422,000 against 474,000 for the last year. Loss before taxes was 479,000 against 447,000 for the last year. Net profit from continuing operations was 347,000 against 324,000 for the last year. Net loss for the current period was 347,000 against 324,000 for the last year. Cash used in operating activities was 1,503,000 against cash generated by operating activities of 7,166,000 for the last year. Increase in intangible/tangible fixed assets was 3,000 against 3,000 for the last year.