Assima PLC Announces Unaudited Consolidated Earnings Results and Parent Cash Flow Results for the Six Months Ended June 30, 2014
Assima PLC announced unaudited consolidated and parent earnings results for the six months ended June 30, 2014. For the period, the company's turnover was £8.4 million compared with £8.6 million a year ago. Operating loss was £1.12 million compared with £0.67 million a year ago. Loss on profit before tax was £1.15 million compared with £0.67 million a year ago. Loss for the period was £1.19 million compared with £0.73 million a year ago. Loss attributable to equity holders of the parent company was £1.03 million or 12.49 pence per basic and diluted share compared with £0.69 million or 6.11 pence per basic and diluted share a year ago. Net cash generated from operating activities was £1.43 million compared with £0.7 million a year ago. Purchase of property, plant and equipment was £0.02 million compared with £0.14 million a year ago. Purchase of intangible assets was £0.25 million compared with £0.65 million a year ago.
For the period, on parent basis, the company's net cash used in operating activities was £1.88 million compared with net cash generated from operating activities of £0.18 million a year ago.