Hydratec Industries N.V. Reports Unaudited Earnings Results for the Full Year 2016
Hydratec Industries N.V. reported unaudited earnings results for the full year 2016. For the period, the company reported that at €162 million the total revenue was considerably higher than €113 million in 2015, primarily due to the consolidation of Helvoet and Abar throughout 2016. Operating profit amounted to €8.2 million compared with €7.8 million in 2015. Compared to the previous year, during which substantial onetime income influenced the figures, Hydratec's net result attributable to shareholders dropped from €10.8 million to €5.9 million. Earnings per share amounted to €4.72.