Weifa ASA Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2016; Provides Earnings Guidance for Full Year of 2016
For the six months, the company reported total revenue and income was NOK 191,497,000 against NOK 157,993,000 a year ago. EBITDA was 33,610,000 against NOK 28,459,000 a year ago. Profit from continuing operations was NOK 301,000 against NOK 8,980,000 a year ago. Diluted earnings per share were NOK 0.00 against NOK 0.01 a year ago. Cash flow from operating activities was NOK 23,873,000 against NOK 3,863,000 a year ago. EBITDA adjusted was NOK 40,504,000 against NOK 31,579,000 a year ago. Operating profit was NOK 27,238,000 against NOK 21,660,000 a year ago. Profit before tax from continuing operations was NOK 399,000 against NOK 12,301,000 a year ago.
The company expects organic revenue growth and an improved EBITDA margin for 2016 compared with the year 2015.