Brief: Deutsche Rohstoff Q1 net result swings to profit of EUR 5 mln

Deutsche Rohstoff AG

11/05/2017 07:30

May 11 (Reuters) - DEUTSCHE ROHSTOFF AG  DR0G.DE : 
    * STRONG GROWTH IN SALES AND EARNINGS IN THE FIRST QUARTER 
    * IN Q1 OF 2017, DEUTSCHE ROHSTOFF GROUP GENERATED SALES IN 
AMOUNT OF EUR 20.9 MILLION (1^ST QUARTER OF 2016: EUR 0.3 
MILLION) 
    * Q1 GROUP'S PROFIT OF EUR 5.0 MILLION (1^ST QUARTER OF 
2016: EUR -3.6 MILLION) ALREADY EXCEEDED PREVIOUS YEAR BY FAR 
    * Q1 EARNINGS BEFORE INTEREST, TAXES, DEPRECIATION AND 
AMORTIZATION (EBITDA) AMOUNTED TO EUR 17.2 MILLION (1^ST QUARTER 
OF 2016: EUR -2.9 MILLION) 
    * FOR FULL YEAR 2017, CUB CREEK IS PLANNING TO DRILL MORE 
WELLS THAN IN 2016 
 
Source text for Eikon:  ID:nEQ4Zw4Nm  
Further company coverage:  DR0G.DE  
 
 (Gdynia Newsroom) 
 ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))