Ryobi Kiso Holdings Ltd. Announces Group Earnings Results for the Second Quarter and Six Months Ended December 31, 2016
Ryobi Kiso Holdings Ltd. announced group earnings results for the second quarter and six months ended December 31, 2016. For the quarter, the company reported revenues of $33,758,000 compared with $54,138,000 for the same period a year ago. Profit before tax was $676,000 compared with loss of $8,860,000 for the same period a year ago. Profit for the period attributable to equity holders of the company was $435,000 or 0.15 cents per basic and fully diluted share compared with loss of $7,937,000 or 2.68 cents per basic and fully diluted share for the same period a year ago. Net cash provided by operating activities was $2,296,000 compared with $8,961,000 for the same period a year ago. Purchases of property, plant and equipment was $1,717,000. The decrease in Revenue was mainly due to lower value of work undertaken for the projects in the current period as mostly of the on-going projects are in the initial stage of work.
For the six months, the company reported revenues of $62,032,000 compared with $99,479,000 for the same period a year ago. Profit before tax was $1,124,000 compared with loss of $8,610,000 for the same period a year ago. Profit for the period attributable to equity holders of the company was $607,000 or 0.20 cents per basic and fully diluted share compared with loss of $7,803,000 or 2.63 cents per basic and fully diluted share for the same period a year ago. Net cash provided by operating activities was $3,272,000 compared with $13,024,000 for the same period a year ago. Purchases of property, plant and equipment was $2,697,000 compared with $1,626,000 for the same period a year ago. The decrease in Revenue was mainly due to lower value of work undertaken in the current period as mostly of the on-going projects are in the initial stage of work.