Zinzino AB (publ) reported consolidated earnings results for the second quarter and six months ended June 30, 2018. For the quarter, the company reported total revenue of SEK 144.3 million compared to SEK 137.3 million a year ago. Gross profit was SEK 46.4 million compared to SEK 37.2 million a year ago. Operating profit was SEK 2.6 million compared to loss of SEK 0.7 million a year ago. Earnings before tax was SEK 2.5 million compared to loss of SEK 0.7 million a year ago. Net profit was SEK 1.7 million compared to loss of SEK 1.0 million a year ago. Net profit per share after tax, at full dilution was SEK 0.05 compared to loss of SEK 0.03 a year ago. Cash outflow from operating activities was SEK 0.8 million compared to cash flow from operating activities of SEK 7.6 million a year ago. Investment in tangible fixed assets was SEK 213 million compared to SEK 106 million a year ago. Investment in intangible assets was SEK 99 million compared to SEK 1,847 million a year ago.

For the period, the company reported total revenue of SEK 281.9 million compared to SEK 265.5 million a year ago. Gross profit was SEK 93.0 million compared to SEK 76.2 million a year ago. Operating profit was SEK 8.1 million compared to SEK 2.8 million a year ago. Earnings before tax was SEK 8.0 million compared to SEK 2.7 million a year ago. Net profit was SEK 5.2 million compared to SEK 0.9 million a year ago. Net profit per share after tax, at full dilution was SEK 0.15 compared to SEK 0.03 a year ago. Cash flow from operating activities was SEK 10.1 million compared to SEK 15.3 million a year ago.

For the full year, the company forecasts that the total revenue will amount to SEK 580 million to 620 million. The operating margin before percentage depreciation is projected to increase on the previous year.