Geci International S.A. Announces Consolidated Earnings Results for the Six Months Ended September 30, 2016; Provides Earnings Guidance for the Full Year of 2017
GECI International S.A. announced consolidated earnings results for the six months ended September 30, 2016. For the period, the company reported revenues of EUR 11.50 million against EUR 3.96 million a year ago. Current operating income was EUR 0.21 million against loss of EUR 1.01 million a year ago. Pre-tax current operating loss was EUR 0.34 million against EUR 0.62 million a year ago. Net income was EUR 0.57 million against EUR 0.67 million a year ago. Consolidated net income was EUR 0.27 million against EUR 0.78 million a year ago.
The Group is forecasting over 50% growth in full-year revenues for fiscal year 2016-17 compared with the previous financial year.