Electromagnetica S.A. Reports Unaudited Consolidated Earnings Results for the Six Months Ended June 30, 2017
Electromagnetica S.A. reported unaudited consolidated earnings results for the six months ended June 30, 2017. For the period, the company reported revenue of RON 98,582,027 against RON 113,036,020 a year ago. Loss before tax was RON 8,708,471 against profit of RON 5,015,899 a year ago. Loss for the period was RON 9,045,803 against profit of RON 4,748,269 a year ago. Net cash used in operating activities was RON 5,779,248 against RON 1,163,315 a year ago. Acquisition of property, plant and equipment was RON 2,930,691 against RON 650,627 a year ago. Comprehensive loss for the period was RON 0.0134 against RON 0.0071 a year ago.