Afinitas Limited Announces Audited Consolidated and Parent Earnings Results for the Year Ended December 31, 2016
Afinitas Limited announced audited consolidated and parent earnings results for the year ended December 31, 2016. For the year, on the consolidated basis, the company reported revenue of $310,814. Operating loss was $382,319 compared to $46,923 a year ago. Loss before taxation was $324,643 compared to $28,967 a year ago. Loss attributable to owners of the parent was $329,111 compared to $28,967 a year ago. Basic and diluted loss per share was 0.152 cents compared to 0.014 cents a year ago. Net cash outflow from operating activities was $321,926 against $18,822 a year ago. Purchase of purchase of property, plant and equipment was $36,765 compared to $3,134 a year ago.
For the year, on the parent basis, the company reported operating loss of $391,255 compared to $46,923 a year ago. Loss before taxation was $333,579 compared to $28,967 a year ago. Loss attributable to owners of the parent was $333,579 compared to $28,967 a year ago. Diluted loss per share was 0.133 cents compared to 0.014 cents a year ago. Net cash outflow from operating activities was $435,389 against $26,149 a year ago. Purchase of purchase of property, plant and equipment was $36,765 compared to $3,134 a year ago.