AFI Development plc Announces Unaudited Consolidated Earnings Results for the Period from January 1, 2018 to March 31, 2018
AFI Development PLC announced unaudited consolidated earnings results for the period from January 1, 2018 to March 31, 2018. For the period, the company reported revenue of $49,401,000 compared to $47,498,000 a year ago. Results from operating activities were $11,836,000 compared to loss of $19,995,000 a year ago. Profit before tax was $6,547,000 compared to loss before tax of $7,388,000 a year ago. Profit attributable to owners of the company was $5,140,000 or 0.49 cents per basic and diluted share compared to $1,091,000 or 0.10 cents per basic and diluted share a year ago. Net cash from operating activities was $14,764,000 compared to $19,041,000 a year ago. Acquisition of property, plant and equipment was $305,000 compared to $11,000 a year ago. Acquisition of intangible assets was $964,000.