JSC PATA Saldus Reports Audited Consolidated Earnings Results for the Year Ended December 31, 2016
JSC PATA Saldus reported audited consolidated earnings results for the year ended December 31, 2016. For the period, the company has posted net turnover of €42,599,653 against €36,257,981 a year ago. Profit before extraordinary items and tax was €479,943 against loss of €1,737,080 a year ago. Profit before corporate income tax was €402,052 against loss of €1,500,332 a year ago. Profit was €773,784 or €1.87 share against loss of €1,500,332 or €3.88 share a year ago. Net cash flow generated from operating activities was €1,606,767 against €2,803,159 a year ago. Acquisition of fixed and intangible assets was €579,091 against €3,194,624 a year ago.