Luworks Limited Announces Financial Results for the First Quarter Ended March 31, 2017
Aluworks Limited announced financial results for the first quarter ended March 31, 2017. For the quarter, the company reported revenue of GHC 25,612,000 against GHC 18,269,000 for the same period a year ago. Results from operating activities before financing cost was GHC 36,000 against GHC 1,121,000 for the same period a year ago. Loss before income taxation was GHC 4,453,000 against GHC 2,571,000 for the same period a year ago. Loss for the period was GHC 4,453000 against GHC 2,571,000 for the same period a year ago. Diluted loss per share was GHC 0.0158 against GHC 0.0091 for the same period a year ago. Net cash flow used in operating activities was GHC 5,516,000 against net cash flow from operating activities of GHC 696,000 for the same period a year ago. Purchase of property, plant and equipment was GHC 9,000 against GHC 25,000 for the same period a year ago.