Aluworks Ltd. reports Earnings Results for the Nine Months Ended September 30, 2016
Aluworks Ltd. reported earnings results for the nine months ended September 30, 2016. For the period, the company's revenue was GHC 51,926,000 compared to GHC 61,950,000 a year ago. Results from operating activities before finance cost was GHC 1,803,000 compared GHC 292,000 a year ago. Loss before income taxation was GHC 9,681,000 compared to GHC 9,602,000 a year ago. Loss for the period was GHC 9,681,000 compared to GHC 10,502,000 a year ago. Diluted loss per share was GHC 0.0343 compared to GHC 0.0372 a year ago. Net cash used on operating activities was GHC 1,363,000 compared to GHC 1,735,000 a year ago. Purchase of property, plant and equipment was GHC 534,000 compared to GHC 320,000 a year ago.