Martifer SGPS, SA Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015
August 26, 2015
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Martifer SGPS, SA reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company has posted sales and services rendered of 66,124,495 against 41,515,873 a year ago. Operating loss was 323,939 against operating loss of 5,750,818 a year ago. Loss for the period was 7,306,876 or 0.0871 diluted per share against 38,264,893 or 0.0871 diluted per share a year ago. Net cash used in operating activities was 1,434,218 against net cash used in operating activities was 23,708,566 a year ago. Investment in financial assets was 1,120,926 against 278,195 a year ago.
For the first half, the company has posted sales and services rendered of 123,808,925 against 91,195,718 a year ago. Operating income was 1,428,778 against operating loss of 8,504,575 a year ago. Loss for the period was 9,895,603 or 0.0871 basic and diluted per share against 38,264,893 or 0.3118 basic and diluted per share a year ago. Net cash generated by operating activities was 7,344,797 against net cash used in operating activities was 9,791,340 a year ago. Investment in financial assets was 1,120,926 against 278,195 a year ago.
Martifer SGPS, S.A. is a holding company organized around 3 areas of activity:
- construction of metal structures (58.3% of net sales; No. 1 in the Iberian Peninsula): for Oil & Gas infrastructure construction sector;
- shipbuilding (36.4%);
- construction of renewable energy production units and equipment (5.3% of net sales): wind farms, biodiesel production sites, wind tours, aerogenerators, solar energy systems, etc. The group also produces and distributes renewable energy-based electric energy.
Net sales are distributed geographically as follows: Portugal (63.1%), Europe (30%) and other (6.9%).