Glaston Reports Positive Half-Year Results

Glaston Corp. has released its financial results for the first half of the year, from January to June 2017. For this period, the company’s orders totaled $53.7 million (48.1 million Euros). Net sales totaled $51.5 million (52.0 million Euros), and the operating result was $0.1 million (1.3 million Euros).

For the second quarter, the company’s orders totaled $28.6 million (26.6 million Euros). Net sales for the quarter grew by 32 percent to $22.1 million (29.1 million Euros).

“Glaston’s second quarter was reasonably good, particularly compared with the weak quarter of the previous year,” says president and CEO Arto Metsänen. “Due to an increased number of deliveries, second-quarter net sales grew by 32 percent. The comparable operating result improved significantly to EUR 1.4 million, whereas last year the second-quarter result was a loss. The market picked up perceptibly, and new orders grew by 23 percent compared with the first quarter.”

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