Electromagnetica S.A. Announces Unaudited Consolidated Earnings Results for the Six Months Ended June 30, 2016
Electromagnetica S.A. announced unaudited consolidated earnings results for the six months ended June 30, 2016. For the period, the company reported revenue was RON 111,921,431 against RON 218,849,986 a year ago. Profit before tax was RON 5,015,899 against loss of RON 698,469 a year ago. Profit for the period was RON 4,748,269 against loss of RON 834,845 a year ago. Profit for the period attributable to parent was RON 4,740,278 against loss attributable to parent of RON 841,211 a year ago. Net cash used in operating activities was RON 1,163,315 compared to RON 9,605,444 a year ago. Acquisition of tangible assets was RON 650,627 compared to RON 1,484,187 a year ago.