Management Consulting Group PLC reported earnings results for the year ended December 31, 2015. For the year, the company reported revenue of £138,928,000 against £145,859,000 a year ago. Profit from operations – underlying was £769,000 against £7,661,000 a year ago.

Profit from operations before amortization of acquired intangibles was £516,000 against £5,125,000 a year ago. Loss from operations was £53,000 against profit from operations of £4,339,000 a year ago. Loss before tax was £3,722,000 against profit before tax of £2,794,000 a year ago.

Loss for the period from continuing operations was £7,746,000 or 1.6 cents per basic and diluted share against £2,060,000 or 0.4 cents per basic and diluted share a year ago. Loss for the period attributable to company owners was £65,548,000 or 13.3 cents per basic and diluted share against £962,000 or 0.2 cents per basic and diluted share a year ago. Net cash inflow from operating activities was £909,000 against £13,088,000 a year ago.

Purchases of property, plant and equipment was £577,000 against £849,000 a year ago. Purchases of intangible assets were £467,000 against £252,000 a year ago. Underlying loss for the period was £5,424,000 against £924,000 a year ago.

Net debt at 31 December of £52.8 million against £33.6 million a year ago, repaid in full in January 2016 from disposal proceeds. The underlying loss per share attributable to continuing operations was 1.5 pence (2014: 0.1 pence) and the basic loss per share attributable to continuing operations was 1.6 pence (2014: 0.4 pence).