Futuren Reports Consolidated Earnings Results for First Half Ended June 30, 2016
FUTUREN reported consolidated earnings results for first half ended June 30, 2016. For the period, the company’s revenues were €31,275,000 against €29,797,000 a year ago. EBITDA was €17,238,000 against €16,223,000 a year ago. Operating income was €6,489,000 against €6,181,000 a year ago. Net income from continuing operations was €1,580,000 against loss of €387,000 a year ago. Net income of the group was €2,038,000 against loss of €917,000 a year ago. Net income of which group share were €1,482,000 against loss of €1,939,000 a year ago. Net financial debt as on June 30, 2016 was €118,728,000. The company’s cash position was increased by €32.2 million over the semester. Operating activities generated a net inflow of €24.5 million and the exercise of stock warrants allowed a cash inflow of €22.1 million.