Avantium N.V. Announces Unaudited Consolidated Earnings Results for the Full Year Ended December 31, 2017
Avantium N.V. announced unaudited consolidated earnings results for the full year ended December 31, 2017. For the year, the company reported revenues of EUR 12,652,000 against EUR 10,491,000 a year ago. Operating loss was EUR 10,111,000 against EUR 3,851,000 a year ago. Loss before income tax was EUR 16,760,000 against EUR 6,861,000 a year ago. Loss for the year from continuing operations was EUR 16,760,000 against EUR 6,861,000 a year ago. Loss for the period was EUR 16,760,000 against profit for the period of EUR 38,137,000 a year ago. Net cash used in operating activities was EUR 5,919,000 against EUR 2,722,000 a year ago. Purchases of property, plant and equipment (PPE) was EUR 4,828,000 against EUR 1,341,000 a year ago. Purchases of intangible assets was EUR 188,000 against EUR 576,000 a year ago.