HSS Hire Group plc announced audited consolidated earnings results for the year ended December 31, 2016. For the year, the company reported revenue of GBP 342,410,000 compared to GBP 312,333,000 for the same period last year. Operating loss was GBP 2,731,000 compared to loss of GBP 6,842,000 for the same period last year. Loss before tax was GBP 17,417,000 compared to loss of GBP 13,840,000 for the same period last year. Loss for the financial year was GBP 17,313,000 compared to loss of GBP 14,245,000 for the same period last year. Loss attributable to owners of the company was GBP 17,313,000 compared to loss of GBP 14,245,000 for the same period last year. Adjusted diluted earnings per share were 2.94 pence compared to earnings of 3.20 pence for the same period last year. Net cash flows from operating activities before changes in hire equipment were GBP 48,648,000 compared to GBP 49,255,000 for the same period last year.

The company expects the benefits of the transformation and its sales plans to accrue in second half of 2017.