HydroDec Group plc reported unaudited consolidated earnings results for the six months ended June 30, 2016. For the period, the company reported revenue of $8.117 million compared to $3.278 million a year ago. Operating loss was $3.094 million compared to $4.846 million a year ago. Loss on ordinary activities before taxation was $3.616 million compared to $4.530 million a year ago. Loss attributable to owners of the parent was $5.024 million or 0.71 cents per basic and diluted share compared to $8.247 million or 1.13 cents per basic and diluted share a year ago. Basic and diluted loss per share (continuing operations) was 0.47 cents compared to 0.60 cents a year ago. Net cash outflow from operating activities was $4.371 million compared to $8.808 million a year ago. Group EBITDA from continuing operations improved from $3.4 million loss to $1.1 million loss.

The company continue to make strong progress towards positive Group EBITDA in the second half of the year 2016.