Associated British Engineering plc Reports Audited Group Earnings Results for the Year Ended March 31, 2016
Associated British Engineering plc reported audited group earnings results for the year ended March 31, 2016. For the period, the company reported revenue of £1,766,000 against £2,626,000 a year ago. Operating loss was £568,000 against £131,000 a year ago. Loss before taxation was £621,000 against £179,000 a year ago. Loss for the year was £613,000 against £185,000 a year ago. Loss for the year attributable to owners of the company was £613,000 or 29.9 pence per basic and diluted share against £153,000 or 7.5 pence per basic and diluted share a year ago. Net cash used in operating activities was £943,000 against £100,000 a year ago. Purchase of equipment was £28,000 against £10,000 a year ago.