PME African Infrastructure Opportunities plc Reports Audited Earnings Results for the Year Ended December 31, 2016
PME African Infrastructure Opportunities PLC reported audited earnings results for the year ended December 31, 2016. For the year, the company reported operating profit of $411,000 compared to loss of $2,080,000 a year ago. Profit before income tax was $411,000 compared to loss of $2,101,000 a year ago. Profit and total comprehensive expense for the year was $411,000 or 1.00 cents per basic and diluted share compared to loss of $2,101,000 or 2.84 cents per basic and diluted share a year ago. Net cash used in operating activities was $1,065,000 compared to net cash generated from operating activities of $9,023,000 a year ago.