SKAKO A/S reported unaudited consolidated earnings results for the second quarter and first half ended June 30, 2017. For the quarter, on consolidated basis, the company reported revenue of DKK 88,766,000 against DKK 79,354,000 a year ago. EBIT was DKK 4,915,000 against DKK 6,131,000 a year ago. Profit before tax was DKK 4,233,000 against DKK 5,544,000 a year ago. Profit for the period attributable to shareholders was DKK 4,239,000 or DKK 1.37 per diluted share against DKK 6,210,000 or DKK 2.01 per diluted share a year ago. Cash flow from operating activities was DKK 5,922,000 against cash flow used in operating activities of DKK 601,000 a year ago. Investment in intangible assets was DKK 370,000 against DKK 1,235,000 a year ago. Investment in tangible assets was DKK 639,000 against DKK 81,000 a year ago. Return on equity was 17.9% against 20.8% a year ago.

For the first half, on consolidated basis, the company reported revenue of DKK 176,053,000 against DKK 153,853,000 a year ago. EBIT was DKK 7,720,000 against DKK 5,062,000 a year ago. Profit before tax was DKK 6,396,000 against DKK 3,611,000 a year ago. Profit for the period attributable to shareholders was DKK 6,610,000 or DKK 2.14 per diluted share against DKK 5,350,000 or DKK 1.73 per diluted share a year ago. Cash flow used in operating activities was DKK 1,047,000 against DKK 5,897,000 a year ago. Investment in intangible assets was DKK 1,250,000 against DKK 1,444,000 a year ago. Investment in tangible assets was DKK 1,195,000 against DKK 280,000 a year ago. Return on equity was 17.9% against 20.8% a year ago. The increase in revenue was primarily driven by a 28% growth in the Concrete division.

For the year 2017, the company expects operating profit of DKK 17.5-22.5 million against DKK 15-20 million as previously forecasted.