The Hour Glass Limited Announces Unaudited Group Earnings Results for the Third Quarter and Nine Months Ended December 31, 2015; Provides Earnings Guidance for the fiscal year 2016
For the nine months, the company reported total revenue and other income of $524,628,000 against $511,837,000 a year ago. Profit before taxation was $43,435,000 against $45,900,000 a year ago. Profit attributable to owners of the company was $34,627,000 against $34,950,000 a year ago. Net cash flows used in operating activities was $16,109,000 against $7,649,000 a year ago. Purchase of property, plant and equipment was $5,414,000 against $5,074,000 a year ago. Basic and diluted earnings per share were 4.91 cents against 4.96 cents a year ago.
Barring any unforeseen circumstances, the group expects to remain profitable for the financial year.