Cafca Limited Announces Unaudited Consolidated Earnings Result for the Six Months Ended March 31, 2016; Provides Sales Guidance for the Second Half Year of 2016
Cafca Limited announced unaudited consolidated earnings result for the six months ended March 31, 2016. For the six months, the company reported revenue of $9,357,591 against $14,210,430 a year ago. Operating profit was $307,298 against $1,060,325 a year ago. Profit before income tax was $232,513 against $1,155,214 a year ago. Profit was $128,420 against $849,573 a year ago. Diluted Earnings per share was 0.38 cents against 2.58 cents a year ago. Headline Earnings per share was 0.39 cents against 2.59 cents a year ago. Net cash used in operating activities was $643,469 against $454,944 a year ago. Capital expenditure was $150,290 against $163,129 a year ago.
Sales continue to deteriorate though current six monthly forecast is that sales will be higher than the last six months, however still approximately 30% down against the comparative period last year. To improve viability total monthly costs have been reduced by 30%.