Weifa ASA reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2016. For the quarter, revenue was NOK 93,766,000 against NOK 76,969,000 a year ago. Operating profit was NOK 15,840,000 against NOK 12,157,000 a year ago. Profit before tax from continuing operations was NOK 12,655,000 against NOK 4,853,000 a year ago. Profit for the period from continuing operations was NOK 9,492,000 against NOK 3,542,000 a year ago. Earnings per share - diluted were NOK 0.25. Net cash flow from operating activities was NOK 20,581,000 against cash used in operations of NOK 12,078,000 a year ago. EBITDA was NOK 19,025,000 against NOK 15,057,000 a year ago. EBITDA adjusted was NOK 19,945,000 against NOK 16,884,000 a year ago. Net interest bearing debt as at September 30, 2016 was NOK 295 million.

For nine months, revenue was NOK 285,263,000 against NOK 234,895,000 a year ago. Operating profit was NOK 43,078,000 against NOK 33,817,000 a year ago. Profit before tax from continuing operations was NOK 13,054,000 against NOK 17,154,000 a year ago. Profit for the period from continuing operations was NOK 9,793,000 against NOK 12,522,000 a year ago. Earnings per share - diluted were NOK 0.26. Net cash flow from operating activities was NOK 44 454,000 against cash used in operations of NOK 8,215,000 a year ago. Payment relating to purchase of licences was NOK 9,250,000 against NOK 13,933,000 a year ago. EBITDA was NOK 52,635,000 against NOK 43,516,000 a year ago. EBITDA adjusted was NOK 60,449,000 against NOK 48,463,000 a year ago.

The company expects organic revenue growth and an improved adjusted EBITDA margin for 2016 compared with the year before.