RIAS A/S announced unaudited earnings results for the half year ended March 31, 2016. For the period, the company's revenue was DKK 120.5 million compared with DKK 119.5 million a year ago. The overall, positive development is the result of a very differentiated trend; revenue of the Industry Division increased whereas revenue of the Building & Construction Division declined. Profit before financial income and expenses were DKK 0.44 million compared with loss of DKK 1.4 million a year ago. Profit before tax was DKK 0.29 million compared with loss of DKK 1.5 million a year ago. Net profit was DKK 0.25 million or DKK 1 per diluted share compared with net loss of DKK 1.0 million or DKK 4 per diluted share a year ago. Cash flows from operating activities was DKK 8.7 million compared with cash flows used in operating activities of DKK 8.6 million a year ago. This is primarily due to changes in the working capital. Purchase of property, plant and equipment was DKK 0.55 million. As on March 31, 2016, the company' book value per DKK 100 share was DKK 673.

The company maintained its expectations for a profit be-fore tax in the range of DKK 7 million-DKK 9 million for the fiscal year 2016 compared to a profit of DKK 5.6 million last year.