Loqus Holdings Plc Reports Audited Consolidated and Parent Earnings Results for the Year Ended June 30, 2016
October 20, 2016
Share
Loqus Holdings Plc reported audited consolidated and parent earnings results for the year ended June 30, 2016. For the period, on consolidated basis, the company reported revenue of EUR 3,893,957 against EUR 4,181,363 a year ago. Operating profit before depreciation and amortisation was EUR 690,323 against EUR 334,232 a year ago. Profit before tax was EUR 268,549 against EUR 55,815 a year ago. Profit for the year was EUR 266,702 against EUR 55,815 a year ago. Total comprehensive income for the year net of tax attributable to owners of the parent was EUR 266,702 against EUR 55,815 a year ago. Profit per share - basic was EUR 0.8 against EUR 0.2 a year ago. Net cash flows generated from operating activities were EUR 416,826 against EUR 693,714 a year ago. Payment to acquire property, plant and equipment was EUR 22,684 against EUR 15,260 a year ago. Payments to acquire intangible assets were EUR 295,032 against EUR 296,165 a year ago.
For the period, the parent company reported revenue of EUR 992,000. Operating profit was EUR 924,042 against operating loss of EUR 70,834 a year ago. Profit before tax was EUR 923,733 against loss before tax of EUR 71,087 a year ago. Profit for the year was EUR 923,733 against loss for the year of EUR 71,087 a year ago. Total comprehensive income for the year net of tax was EUR 923,733 against total comprehensive expense for the year net of tax of EUR 71,087 a year ago. Profit per share - basic was EUR 2.9 against loss per share - basic of EUR 0.2 a year ago. Net cash flows generated from operating activities were EUR 80,082 against EUR 179,007 a year ago.
Loqus Holdings p.l.c. is a Malta-based holding company, which is primarily involved in the provision of fleet management, back-office processing and information and communication technology (ICT) solutions. The Company operates through four segments namely: Fleet management, Original Equipment Manufacturers, Back-office processing, and Projects. The Fleet management segment provides vehicle and marine tracking systems and on the move logistics solutions, including tailor-made solutions, as well as off-the-shelf packages. The Original Equipment Manufacturers segment includes fleet management contracts, which the Company holds with resellers under their own name and branding. The Back-office processing segment offers a variety of off-site services to support entities. The Projects segment assists clients in selecting appropriate ICT solutions and in implementing them. Its subsidiaries include Loqus Services Limited, Loqus Solutions Limited, Loqus Consulting Limited, and Loqus UK Limited.