Connect Group Reports Unaudited Consolidated Earnings Results for the Six Months Ended June 30, 2017
Connect Group reported unaudited consolidated earnings results for the six months ended June 30, 2017. For the period, sales were EUR 59,428,000 against EUR 62,016,000 a year ago. Operating profit was EUR 525,000 compared to EUR 549,000 a year ago. Profit before taxes was EUR 249,000 against EUR 137,000 a year ago. Net profit attributable to equity holders of the parent was EUR 247,000 against EUR 135,000 a year ago. Diluted earnings per share were EUR 0.01 against EUR 0.01 a year ago. Net cash used in operating activities was EUR 2,191,000 against net cash provided by operating activities of EUR 1,165,000 a year ago. Purchases of property, plant and equipment was EUR 634,000 against EUR 296,000 a year ago. Investments in intangible assets were EUR 30,000 compared to EUR 8,000 a year ago. Positive EBITDA of EUR 1,838,000 for first half of 2017, compared to positive EBITDA of EUR 1,868,000 for first half of 2016.