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Titan Group reports net profit after three consecutive semesters of losses

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The Titan Group has reported a 3.9 per cent increase in its turnover, which amounted to -C571.2 mn in 1H14. EBITDA improved by 0.8 per cent to reach -C89 mn. Net profit after taxes and minorities came in at -C2.9 mn. In 1H13, the company had reported a -C21.8 mn loss. Net debt totalled -C490 mn at the end of 1H14, this is -C19 mn less than at the close of 2H13 and -C62 mn less than at the end of 1H13. The improved net profit is the first positive result coming from the company after the three consecutive semesters of losses.

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