Biancamano S.p.A. Announces Consolidated and Parent Earnings Results for the First Quarter Ended March 31, 2013
Biancamano S.p.A. announced consolidated and parent earnings results for the first quarter ended March 31, 2013. For the quarter, on consolidated basis, the company reported revenues of 51,887,000 against 62,079,000 a year ago. EBITDA was 6,518,000 against 7,545,000 a year ago. EBIT was 2,580,000 against 3,736,000 a year ago. Loss before taxes was 8,000 against profit before taxes of 1,003,000 a year ago. Net loss from continuing operations was 896,000 against net profit from continuing operations of 504,000 a year ago. Net loss was 896,000 against net profit of 504,000 a year ago. Diluted loss per share was 0.03 against diluted earnings per share of 0.02 a year ago. Cash flow used in operating activities was 1,970,000 against cash flow generated by operating activities of 1,067,000 a year ago. The company invests in intangible/tangible fixed assets was 11,000 against 9,114,000 a year ago.
For the quarter, the parent company reported revenues of 1,488,000 against 1,496,000 a year ago. LBITDA was 433,000 against EBITDA of 12,000 a year ago. LBIT was 474,000 against 28,000 a year ago. Loss before taxes was 447,000 against profit before taxes of 17,000 a year ago. Net loss from continuing operations was 324,000 against net profit from continuing operations of 17,000 a year ago. Net loss was 324,000 against net profit of 17,000 a year ago. Cash flow used in operating activities was 223,000 against 5,498,000 a year ago. The company invests in intangible/tangible fixed assets was 2,000 against 38,000 a year ago.