Mechanical Lloyd Company Limited Reports Audited Earnings Results for the Year Ended December 31, 2016
Mechanical Lloyd Company Limited reported audited earnings results for the year ended December 31, 2016. For the year, the company's revenue was GHC 50,964,812 compared to GHC 46,827,055 a year ago. Loss before tax was GHC 2,673,281 compared to profit of GHC 9,631,976 a year ago. Loss after tax was GHC 2,803,118 compared to profit of GHC 8,785,263 a year ago. Capital expenditure was GHC 1,832,234 compared to GHC 3,729,442 a year ago. Operating loss was GHC 2,295,895 compared to profit of GHC 9,643,371 a year ago. Basic and diluted loss per share was GHC 0.0560 compared to earnings per share of GHC 0.1754 a year ago. Net cash used in operating activities was GHC 135,778 compared to GHC 14,127,017 a year ago. Purchase of property, plant and equipment was GHC 1,432,734 compared to GHC 2,522,917 a year ago.