The Board of Tribal Group plc is recommending no final dividend for 2015. An interim dividend of 0.7 pence per share was declared and paid earlier in the year.

The company reported consolidated earnings results for the year ended December 31, 2015. Revenue was £106.7 million against £123.7 million last year. Adjusted revenue was £106.7 million against £123.7 million last year. Operating loss was £45.2 million against £4.3 million last year. Adjusted operating profit was £2.9 million against £14.5 million last year. Loss before tax was £47.3 million against £6.3 million last year. Adjusted profit before tax was £1.9 million against £13.4 million last year. Loss from continuing operations was £45.4 million or 48.1 pence per basic and diluted share against £7.7 million or 8.4 pence per basic and diluted share last year. Adjusted profit from continuing operations was £1.2 million or 1.2 pence per basic and diluted share against £10.6 million or 11.3 pence per basic and diluted share last year. Loss was £45.5 million or 48.2 pence per basic and diluted share against £7.9 million or 8.4 pence per basic and diluted share last year. Adjusted profit for the year was £1.2 million or 1.2 pence per basic and diluted share against £10.6 million or 11.3 pence per basic and diluted share last year. Net cash used in operating activities was £6.2 million against net cash from operating activities of £19.7 million last year. Purchases of property, plant and equipment was £1.7 million against £1.3 million last year. Net debt was £32.5 million against £11.7 million at December 31, 2014. Adjusted EBITDA was £8.2 million against £19.7 million last year. Group net debt increased primarily as a result of acquisition-related payments and significant adverse working capital movements during 2015. Capital expenditure on product development and business systems was £5.1 million against £5.2 million last year.

The company expects improvement in underlying profitability during 2016, and expects overall results for this year to be weighted strongly towards the second half of the year.