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.