Tecnotree improves profitability in Q2 but liquidity remains critical

Friday 11 August 2017 | 12:22 CET | News
Finnish company Tecnotree turned to a net profit of EUR 0.7 million in the second quarter from a net loss of EUR 2.6 million a year earlier, but net sales slipped to EUR 15.1 from EUR 16.2 million and it said its financial situation and liquidity remain critical. Cash flow after investments was a positive EUR 0.6 million, after a negative EUR 0.4 million in Q2 2016, but parent company shareholder equity remains negative.

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Categories: IT
Companies: Tecnotree
Countries: Finland
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-/- 33%
decline prepaid service revenues y-o-y
Belgium  |  2017 Q3