Lafe Corporation Limited Reports Unaudited Earnings Results for the First Quarter Ended March 31, 2017
Lafe Corporation Limited reported unaudited earnings results for the first quarter ended March 31, 2017. For the quarter, the company reported revenue of USD 2,980,000 compared to USD 2,930,000 a year ago. Profit before taxation was USD 641,000 compared to USD 1,961,000 a year ago. Net profit was USD 630,000 or 2.49 cents per diluted share compared to USD 1,953,000 or 7.71 cents per diluted share a year ago. Net cash used in operating activities was USD 1,661,000 compared to USD 2,376,000 a year ago. Acquisition of property, plant and equipment was USD 4,000 compared to USD 2,000 a year ago.