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Afarak upbeat on prospects for 2017 after tough 2016

After a difficult trading 2016 financial year, LSE-listed Afarak says it is well-positioned to benefit from an upswing in the market that started in the three months ended December 31. The group on Friday posted earnings before interest, taxes, depreciation and amortisation of €5.5-million for the 2016 financial year, compared with €17.2-million in 2015. revenue also decreased to €153.6-million, compared with €187.7-million the year before.