Ocean Outdoor Limited reported unaudited group earnings results for the six-month period ended 30 June 2018. For the period, the company reported revenue of £13,078,000. Profit before tax was £8,216,000 compared to loss of £25,036,000 a year ago. Profit from continuing operations was £7,953,000 compared to loss of £25,036,000 a year ago. Total comprehensive income attributable to owners of the parent was £7,953,000 compared to loss of £25,036,000 a year ago. Basic earnings per share from continuing operations were £0.16 compared to loss per share of £0.83 a year ago. Net cash flows from operating activities were £20,182,000 compared to net cash used in operating activities of £605,000 a year ago. Purchases of property, plant and equipment was £164,000. Adjusted EBITDA £7,530,000 compared to £9,045,000 a year ago.

Based on the Group's pipeline and the market outlook, the company believes that high single digit revenue growth for Ocean in 2018 is appropriate, with Forrest revenue recovering to last year's levels.