Panariagroup Industrie Ceramiche S.p.A. reported consolidated earnings results for the first half ended June 30, 2016. For the period, the company reported revenues from sales and services of $193,795,000 against $174,988,000 a year ago. Net operating profit was $10,985,000 against $6,676,000 a year ago. Pre-tax profit was $8,967,000 against $5,449,000 a year ago. Net profit for the period was $5,418,000 against $3,265,000 a year ago. The increase in sales is the main driver of the improvement in results, triggering a virtuous circle that, through an increase in quantities produced, has generated significant efficiencies at production facilities. The growth in sales was brought about by an actual increase in volumes, while the price is almost in line with the previous year.

The company announced that for all business units, for the second half of 2016, the expectations of an improved result compared to the same period in the previous year are confirmed.