AO World plc reported unaudited consolidated earnings results for the six months ended September 30, 2018. For the six months, the company reported revenue of GBP 404.2 million compared to GBP 368 million a year ago. Operating loss was GBP 11.7 million compared to GBP 12 million a year ago. Loss before tax was GBP 10.3 million compared to GBP 9.6 million a year ago. Loss for the period attributable owners of the parent company was GBP 9.9 million or GBP 2.18 per basic and diluted share compared to GBP 8.7 million or GBP 1.90 per basic and diluted share a year ago. Net cash used in operating activities was GBP 12 million compared to GBP 0.7 million a year ago. Acquisition of property, plant and equipment was GBP 1.2 million compared to GBP 2.0 million a year ago. Adjusted LBITDA was GBP 5.4 million compared to GBP 6.3 million a year ago. LBITDA was GBP 8.2 million compared to GBP 8.3 million a year ago. Adjusted loss per share was 2.25 pence compared to 2.23 pence a year ago. Adjusted operating loss was GBP 8.9 million compared to GBP 10.0 million a year ago.

For the full year 2018, the group's tax credit for the period is GBP 0.4 million as a result of the expected effective tax rate for the year of 4.21%.