Mechanical Lloyd Company Limited Reports Unaudited Earnings Results for Six Months Ended June 30, 2016
Mechanical Lloyd Company Limited reported unaudited earnings results for six months ended June 30, 2016. For the period, the company’s revenue was GHS 28,751,425 against GHS 26,407,053 a year ago. Operating profit was GHS 218,633 against GHS 2,907,676 a year ago. Profit before income tax was GHS 347,744 against GHS 1,711,986 a year ago. Profit after tax was GHS 449,584 or GHS 0.0090 per basic and diluted share against GHS 1,402,732 or GHS 0.0280 per basic and diluted share a year ago. Net cash generated from operating activities was GHS 5,858,956 against GHS 5,576,212 a year ago. Purchase of property, plant and equipment was GHS 1,383,946 against GHS 468,732 a year ago.