Samba Foods Limited Announces Audited Earnings Results for the Year Ended December 31, 2016
Samba Foods Limited announced audited earnings results for the year ended December 31, 2016. For the year, the company reported income of GHC 207,121 against GHC 420,834 a year ago. Net loss before taxation was GHC 331,583 against GHC 203,370 a year ago. Net loss after taxation was GHC 396,432 against GHC 187,405 a year ago. Net cash generated from operating activities was GHC 614,447 against net cash used in operating activities of GHC 825,314 a year ago. Purchase of PPE was GHC 987,271 against GHC 290,531 a year ago. The increase in loss was as a result of reduction in interest income in the year under consideration.