Aluworks Limited Announces Earnings Results for the Six Months Ended June 30, 2017
Aluworks Limited announced earnings results for the six months ended June 30, 2017. For the period, the company's revenue was GHC 51.1 million compared with GHC 36.4 million a year ago. Results from operating activities before financing cost were GHC 0.054 million compared with GHC 1.3 million a year ago. Loss before income taxation was GHC 8.9 million compared with GHC 6.2 million a year ago. Loss for the period was GHC 8.9 million or GHC 0.0314 per diluted share compared with GHC 6.2 million or GHC 0.0219 per diluted share a year ago. Net cash flow used in operating activities was GHC 3.5 million compared with GHC 2.1 million a year ago. Purchase of property, plant and equipment was GHC 0.023 million compared with GHC 0.246 million a year ago.