Walcom Group Ltd. Reports Consolidated Earnings Results for the Year Ended December 31, 2017
Walcom Group Ltd. reported consolidated earnings results for the year ended December 31, 2017. For the year, the company reported turnover was HKD 44,488,372 compared to HKD 46,469,041 a year ago. Loss from operation was HKD 4,796,000 compared to profit HKD 2,811,000 a year ago. LBITDA was HKD 3,163,000 compare to profit HKD 3,376,000 a year ago. Loss for the period was HKD 3,940,000 compared to profit HKD 1,424,000 a year ago. Diluted loss per share was HKD 6.31 compared to earning HKD 1.84 a year ago. Net cash used in operating activities was HKD 5,767,136 compared to HKD 437,248 a year ago. Purchases of property, plant and equipment was HKD 920,725 compared to HKD 3,649,857 a year ago.