Origo Partners PLC Reports Audited Consolidated Earnings Results for the Year Ended December 31, 2015; Provides Earnings Guidance for the Year 2016
July 04, 2016 at 05:22 am EDT
Origo Partners PLC reported audited consolidated earnings results for the year ended December 31, 2015. For the year, the company reported investment loss of USD 15,170,000 compared to USD 43,823,000 a year ago. Net loss before finance costs and taxation was USD 18,862,000 compared to USD 56,871,000 a year ago. Loss before tax was USD 24,770,000 compared to USD 62,232,000 a year ago. Loss after tax was USD 24,364,000 compared to USD 61,891,000 a year ago. Loss after tax attributable to owners of the parent was USD 24,340,000 compared to USD 62,357,000 a year ago. Basic and diluted LPS were 6.95 cents compared to 17.89 cents a year ago. Net cash outflow from operations was USD 4,078,000 compared to USD 9,349,000 a year ago.
Guidance for 2016 suggests revenues in excess of USD 100 million with EBITDA margins in the range of 8% to 10%. Once the merger is completed, the enlarged business will be owned by a group of shareholders that wish to seek a liquidity event over the coming years and given the enhanced profile of the combined group this could include a trade sale or IPO.