Payton Planar Magnetics Ltd. Announces Unaudited Consolidated Earnings Results for the Six Months Ended June 30, 2016
Payton Planar Magnetics Ltd. announced unaudited consolidated earnings results for the six months ended June 30, 2016. For the six months, sales Revenue was USD 14,068,000 compared to USD 13,583,000 a year ago. Operating profit was USD 1,426,000 compared to USD 2,182,000 a year ago. Profit before income taxes was USD 1,519,000 compared to USD 2,202,000 a year ago. Profit for the period was USD 1,243,000 compared to USD 1,771,000 a year ago. Total comprehensive income for the period was USD 1,244,000 or USD 0.07 basic earnings per share compared to USD 1,771,000 or USD 0.10 basic earnings per share a year ago. Cash flows generated from operating activities were USD 1,416,000 compared to USD 2,718,000 a year ago. Investment in fixed assets was USD 0.263 million compared to USD 0.989 million a year ago.