Atlas Estates Limited Reports Unaudited Consolidated and Company Earnings Results for First Quarter Ended March 31, 2018
Atlas Estates Limited reported unaudited consolidated and company earnings results for first quarter ended March 31, 2018. For the period, on consolidated basis, the company’s revenues were €15,039,000 against €6,849,000 a year ago. Profit from operations was €3,268,000 against €890,000 a year ago. Profit before tax was €1,841,000 against €3,259,000 a year ago. Profit attributable to owners of the parent was €1,319,000 against €3,448,000 a year ago. Net cash from operating activities was €1,809,000 against €1,873,000 a year ago. Purchase of property, plant and equipment was €3,000 against €9,000 a year ago. Basic and diluted profit per ordinary share was 2.8 cents against 7.4 cents a year ago.
For the period, the company’s loss from operations was €399,000 against €389,000 a year ago. Loss before tax was €415,000 against €200,000 a year ago. Loss for the year was €415,000 against €200,000 a year ago. Net cash used in operating activities was €259,000 against €69,000 a year ago.