Billing Services Group Limited reported unaudited consolidated earnings results for the six months ended June 30, 2016. For the period, operating revenue was $16,237,000 against $18,793,000 a year ago. EBITDA was $2,976,000 against $3,283,000 a year ago. Operating income was $1,648,000 against $1,929,000 a year ago. Income from operations before income taxes was $4,243,000 against $6,824,000 a year ago. Net income was $3,445,000 or $0.01 per basic and diluted share against net loss of $5,953,000 or $0.02 per basic and diluted share a year ago. Purchases of property, equipment and software were $321,000 against $912,000 a year ago. Net cash used in operating activities was $2,853,000 against net cash provided by operating activities 3,554,000 a year ago. The company invested $0.3 million in capital expenditures, primarily for capitalized software development costs.  During the first half of 2015, capital expenditures were $0.9 million.

For the second half of 2016, the company expects that revenues will continue to be affected by the secular decline in billable long distance and operator service calls initiated on landline phones, partially offset by revenue gains from services to the wireless market.

For the year ending December 31, 2016, the company updates its guidance and now expects revenues to be within a range of $30.5 million to $32.5 million, and EBITDA to be within a range of $4.8 million to $5.2 million, with current trends toward the lower end of each range.