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Re: naturalborninvestor post# 13779

Sunday, 11/20/2016 6:08:46 PM

Sunday, November 20, 2016 6:08:46 PM

Post# of 39095
Anyway, the good news is they have turned an operating profit. That's actually a first-time event for this period!

Operating Profit (9-month period, in '000 USD):

2016: +191
2015: -321
2014: -1583 (goodwill amortization)
2013: -1079
2012: -1026
2011: -868

Interestingly, while in the past the operating losses were partially compensated by consistent positive equity distributions from the minority investments, the situation reversed this year. Howcom / Insight generated net losses and distributed these in proportion of ownership to UCP, reducing operating profits.