Syzygy AG Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2016; Maintains Earnings Guidance for the Year 2016
For the six months, the company's sales were 30,830,000 against 27,633,000 a year ago. EBIT was 2,954,000 against 2,546,000 a year ago. Earnings before tax were 3,754,000 against 3,626,000 a year ago. Net income was 2,723,000 against 2,709,000 a year ago. Earnings per share were 0.20 against 0.20 a year ago. Operating cash flow was 1,211,000 against negative cash flow 3,062,000 a year ago.
Due to ongoing positive prospects, the company is maintaining its forecast for the 2016 financial year and expects to increase sales to some 65.0 million.