Damiani SpA Reports Consolidated and Parent Company Earnings Results for the Year Ended March 31, 2016
Damiani SpA reported consolidated and parent company earnings results for the year ended March 31, 2016. For the year, on consolidated basis, the company reported total revenues of €155,287,000 compared to €150,452,000 a year ago. EBITDA was €24,147,000 compared to €4,039,000 a year ago. Operating income was €14,283,000 compared to operating loss of €400,000 a year ago. Result before taxes was €12,271,000 compared to loss before taxes of €3,571,000 a year ago. Net result of the group was €5,623,000 or €0.07 per basic share compared to net loss for the period of €3,454,000 or €0.04 per basic share a year ago. EBITDA was increased compared to the previous year, benefiting both the income generated by non-recurring transactions and the increase in revenues.
For the year, on parent basis, the company reported total revenues of €147.4 million. EBITDA was €11.7 million. Net loss was €3.6 million.