Ctac N.V. reported unaudited consolidated earnings results for the second quarter and first half ended June 30, 2017. For the quarter, the company reported turnover of EUR 19.7 million compared to EUR 21.4 million a year ago. Operating profit was EUR 0.5 million compared to EUR 0.6 million a year ago. Net profit attributable to group shareholders was EUR 0.4 million compared to EUR 0.3 million a year ago.

For the first half of 2017, the company reported net turnover of EUR 40.479 million against EUR 42.623 million a year ago. Operating profit was EUR 1.127 million against EUR 1.060 million a year ago. Profit from ordinary operations before taxes was EUR 1.050 million against EUR 1.017 million a year ago. Net profit was EUR 0.843 million against EUR 0.733 million a year ago. Net profit attributable to shareholders was EUR 0.843 million against EUR 0.730 million a year ago. Net earnings per share was EUR 0.07 compared to EUR 0.06 a year ago. Cash outflows from operating activities were EUR 2.935 million against EUR 1.0 million a year ago. Net bank debt had increased to EUR 6.0 million to EUR 4.3 million at 30 June 2017, from EUR 1.7 million at 31 December 2016. The seasonal increase was due to the payment of holiday pay, bonuses, dividend and earn-out obligations in the second quarter. Investments in tangible fixed assets were EUR 663,000 compared to EUR 157,000 a year ago.

The company expected to record a higher full- year result for 2017 than in 2016. The company also expected net cash flow for the full year 2017 to be positive.