Kodak made 2016 the year with a profit

Eastman Kodak company reported for the year 2016. By the end of the reporting period was a net profit of $ 16 million. This figure may seem modest for the manufacturer, once personified an entire industry, but everything is relative. In 2015, the company incurred $ 75 million of the net loss in 2014 — 118 million dollars.

Income for the year amounted to $ 1.5 billion, which is 10% less than in 2015. Indicator Operational EBITDA (Earnings before interest, taxes, period and things), is equal to operating profit excluding interest on loans, taxes, depreciation and amortization, for the year increased from 122 to 144 million dollars. Operating expenses for the year decreased from 330 to 212 million.

As at the end of the year, a Kodak, was 433 million dollars. Note that the year 2015, the company ended with 547 million dollars.

For the current year projected income of 1.4-1.5 billion and Operational EBITDA 130-145 million dollars.

Source: Kodak


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