Biome Technologies plc Reports Unaudited Consolidated Earnings Results for the Six Months Ended June 30, 2018; Provides Earnings Guidance for the Year 2018
September 03, 2018 at 02:00 am EDT
Biome Technologies plc reported unaudited consolidated earnings results for the six months ended June 30, 2018. For the period, the company reported revenue was GBP 4,391,000 compared to GBP 2,979,000 a year ago. Profit from operations was GBP 206,000 compared to loss of GBP 206,000 a year ago. Profit before taxation was GBP 216,000 compared to loss of GBP 219,000 a year ago. Total comprehensive profit for the period attributable to the equity holders of the parent was GBP 216,000 compared to loss of GBP 219,000 a year ago. Earnings were 9 pence per basic and diluted share against loss of 9 pence per basic and diluted share a year ago. Net cash inflow from operating activities was GBP 148,000 compared to GBP 425,000 a year ago. Purchase of property, plant and equipment was GBP 68,000 compared to GBP 3,000 a year ago. Investment in intangible assets was GBP 122,000 compared to GBP 73,000 a year ago.
For the year, the Board remains confident in the Group's outlook for 2018.