NedSense Enterprises NV reported consolidated earnings results for the full year ended December 31, 2014. For the year, net revenue was 479,000 against 822,000 a year ago. Profit from operations was 2,690,000 against 1,909,000 a year ago.
Loss before income tax was 3,268,000 against 2,423,000 a year ago. Loss for the period was 3,270,000 against 2,423,000 a year ago. Profit for the period was 3,195,000 against 1,704,000 a year ago.
Profit attributable to owners of the company was 3,195,000 or 0.11 per basic and diluted share against 1,704,000 or 0.07 per basic and diluted share a year ago. Basic and diluted loss per share continued operations was 0.11 against 0.10 a year ago. The lower result was primarily due to a decrease in net revenue of 0.34 million, an increase in capitalized production and related amortization of 0.30 million, and a decrease in results from discontinued operations of 0.64 million due to the sale of NedGraphics as of September 30, 2014.
Cash flow from operating activities was 498,000 against 245,000 a year ago. Intangible fixed assets were 2,073,000 against 2,485,000 a year ago. Property, plant, and equipment were 67,000 against 210,000 a year ago.