Aluworks Limited Announces Earnings Results for the Year Ended December 31, 2017
Aluworks Limited announced earnings results for the year ended December 31, 2017. For the year, the company reported revenue of GHS 84,470,000 compared to GHS 69,470,000 a year ago. Loss from operating activities before financing cost 6,731,000 compared to GHS 2,947,000 a year ago. Loss before income tax was GHS 23,877,000 compared to GHS 19,314,000 a year ago. Loss was GHS 23,877,000 or GHS 0.0846 per diluted share compared to GHS 19,314,000 or GHS 0.0684 per diluted share a year ago. Net cash outflow from operating activities was GHS 7,244,000 compared to GHS 12,842,000 a year ago. Purchase of property, plant and equipment was GHS 731,000 compared to GHS 657,000 a year ago.