Starwin Products Company Limited Reports Audited Earnings Results for the Year Ended December 31, 2016
Starwin Products Company Limited reported audited earnings results for the year ended December 31, 2016. For the period the company reported revenue was GHS 9,172,862 against GHS 5,762,183 a year ago. Result from operating activities was GHS 5,552,896 against GHS 89,814 a year ago. Profit before income taxation was GHS 5,145,742 against loss of GHS 208,898 a year ago. Profit for the year was GHS 3,821,164 against loss of GHS 115,864 a year ago. Basic and diluted EPS was GHS 0.0147 against Basic and diluted LPS of GHS 0.00004 a year ago. Net cash used in operating activities was GHS 11,289,090 against net cash flow from operating activities GHS 1,385,619 a year ago. Purchase of property, plant and equipment was GHS 330,908 against GHS 71,150 a year ago.