Groupe Open Reports Earnings Results for the First Half Ended June 2017; Provides Earnings Guidance for the Year 2017
Groupe Open reported earnings results for the first half ended June 2017. For the period, the company reported turnover of 162.5 million against 152.8 million a year ago. Current operating income was 11.7 million against 10.2 million a year ago. Operating income, pre-IFRS2 was 11.4 million against 9.4 million a year ago. Operating income was 10.3 million against 9.4 million a year ago. Net income from continuing activities was 5.6 million against 5.3 million a year ago. Net cash flow from operations was 6.3 million against 0.4 million a year ago.
For the year 2017, the company clearly confirms its expectation of growth in its Turnover and Current Operating Income, despite the impact of the year having 2 fewer working days than 2016, and remains confident as to its ability to achieve its objective for 2020: 500 million in Turnover and 10% Current Operating Income.