Lordos United Plastics Public Limited announced audited consolidated earnings results for the year ended December 31, 2015. For the year, the company reported turnover of EUR 19,306,756 against EUR 19,375,376 a year ago. Loss before taxation was EUR 1,293,834 against EUR 1,297,479 a year ago.

Loss attributable to shareholders for the year was EUR 1,289,873 or EUR 2.55 per share against EUR 1,465,111 or EUR 3.32 per share a year ago. Loss from operations was EUR 766,536 against EUR 588,838 a year ago. Net cash flow from operations was EUR 508,898 against EUR 836,235 a year ago.

Payment for the purchase of property, plant and equipment was EUR 384,573 against EUR 244,755 a year ago. The Group's turnover in the period under review increased by 19% compared to the corresponding period of 2015, mainly due to the increase in the sales of pipes.