PannErgy Plc Announces Audited Consolidated Earnings Results for the Year Ended December 31, 2016
PannErgy Plc announced audited consolidated earnings results for the year ended December 31, 2016. For the year, the company reported that sales revenues were HUF 4,529,069,000 against HUF 2,726,364,000 a year ago. Operating profit was HUF 280,496,000 against of HUF 372,931,000 a year ago. Loss before taxation was HUF 130,797,000 against profit of HUF 216,531,000 a year ago. Net loss for the year was HUF 150,999,000 against profit of HUF 78,171,000 a year ago. Diluted loss per share was HUF 8.47 against earnings per share of HUF 4.28 a year ago. Net cash from operating activities was HUF 775,414,000 against net cash used in operating activities of HUF 173,410,000 a year ago. Purchase of property, plant and equipment and intangible assets was HUF 1,319,738,000. EBITDA was HUF 1,715,345,000 against HUF 1,614,002,000 a year ago. Return on equity was negative 1.70% against positive of 0.84% a year ago. Return on assets was negative 0.60% against positive of 0.29% a year ago.