Atlas Estates Limited Reports Unaudited Consolidated Earnings Results for the Six Months Ended June 30, 2016
Atlas Estates Limited reported unaudited consolidated earnings results for the six months ended June 30, 2016. For the period, the company reported revenues of €16,920,000 compared with €16,684,000 for the same period last year. Profit from operations was €5,473,000 compared with loss from operations of €1,992,000 for the same period last year. Loss before taxation was €1,098,000 compared with profit before taxation €20,320,000 for the same period last year. Loss for the period attributable to owners of the parent was €1,005,000 or 2.1 cents diluted per share compared with profit for the period attributable to owners of the parent €21,085,000 or 45.0 cents diluted per share for the same period last year. Net cash used in operating activities was €1,182,000 compared with net cash from operating activities of €7,846,000 for the same period last year. Purchase of property, plant and equipment was €232,000 compared with €271,000 for the same period last year.