Prime Acquisition Corp. Announces Unaudited Earnings Results for the Nine Months Ended September 30, 2016
Prime Acquisition Corp. announced unaudited earnings results for the nine months ended September 30, 2016. Revenues were $2.4 million for the nine months ended September 30, 2016, which is in line with the $3.0 million reported for the year ended December 31, 2015. For the nine months ended September 30, 2016, the company reported a net loss of $2.2 million. Operating profit was $690,482. Loss before tax was $2,037,806. Profit from continuing operations was $2,151,958. The company reported positive cash flow of $32,394 for the nine months ended September 30, 2016. Cash generated from operations was $984,760 for the first nine months of September 30, 2016.