Firan Technology Group Corporation Announces Consolidated Earnings Results for the Fourth Quarter and Full Year Ended November 30, 2013
For the year, the company reported net loss of $1,038,000 compared to net earnings of $928,000 of prior year. Net loss attributable to equity holders was $998,000 or $0.06 basic and diluted loss per share attributable to equity holders on net sales of $55,998,000 against net earnings of $928,000 or $0.05 basic and diluted earnings per share attributable to equity holders on net sales of $55,646,000 of prior year. Loss before income taxes was $1,979,000 against earnings before income taxes of $959,000 of prior year. Net cash used in operating activities was $33,000 against cash provided by operating activities of $995,000 of prior year. Additions to plant and equipment were $1,711,000 against $2,889,000 of prior year.