China Automation Group Limited Announces Unaudited Consolidated Earnings Results for the Six Months Ended June 30, 2017
August 29, 2017 at 09:11 am EDT
China Automation Group Limited announced unaudited consolidated earnings results for the six months ended June 30, 2017. For the period, the company reported revenue was RMB 412,668,000 against RMB 341,525,000 a year ago. Loss before taxation was RMB 147,401,000 against RMB 126,219,000 a year ago. Loss for the period from continuing operations was RMB 146,186,000 against RMB 125,826,000 a year ago. Loss for the period attributable to owners of the company was RMB 154,793,000 against RMB 136,899,000 a year ago. Basic loss per share was 15.08 cents against 13.34 cents a year ago. Basic loss per share from continuing operations was 14.26 cents against 11.56 cents a year ago. Net cash used in operating activities was RMB 37,586,000 against RMB 64,987,000 a year ago. Purchases of property, plant and equipment and deposits for acquisition of property, plant and equipment was RMB 43,948,000 against RMB 57,626,000 a year ago. The cash used in for the period was mainly attributable to a higher level of prepayments for projects in the second half of the year, a lower level of trade and bills payables.