KNeoMedia Limited Reports Unaudited Consolidated Earnings Results for the Year Ended June 30, 2017; Provides Earnings Guidance for the First Quarter and Full Year of 2018
August 30, 2017 at 02:27 am EDT
KNeoMedia Limited reported unaudited consolidated earnings results for the year ended June 30, 2017. For the year, the company reported revenue of $459,157 against $551,369 a year ago. Loss before income tax was $1,285,911 against $1,565,977 a year ago. Loss for the year attributable to members was $1,285,911 against $1,565,977 a year ago. Loss attributable to members of the parent entity was $1,143,038 against $1,375,105 a year ago. Basic and diluted loss per share was 0.33 cents against 0.68 cents a year ago. Net cash used in operating activities was $624,988 against $1,340,570 a year ago. Purchase of property, plant and equipment was $5,777 against $8,741 a year ago. Purchase of intangible assets was $193,033 against $274,718 a year ago.
The company outlook for 2018 is positive with the first quarter of financial year 2018 beginning well.