Management Consulting Group PLC reported unaudited group earnings results for the half-year ended June 30, 2016. For the period, the company's revenue was £25,694,000 compared to £29,322,000 a year ago. Loss from operations was £1,577,000 compared to £238,000 a year ago. Loss before tax was £2,158,000 compared to £1,109,000 a year ago. Loss for the period from continuing operations was £3,931,000 or 0.8 pence per basic and diluted share compared to £2,034,000 or 0.4 pence per basic and diluted share a year ago. Loss for the period was £20,763,000 or 4.2 pence per basic and diluted share compared to profit of £1,407,000 or 0.3 pence per basic and diluted share a year ago. Net cash outflow from operating activities was £5,688,000 compared to £7,070,000 a year ago. Purchases of property, plant and equipment of £257,000 compared to £318,000 a year ago. Loss from operations - underlying was £1,927,000 compared with £370,000 a year ago. Basic and diluted underlying loss per share from continuing operations was 0.9 pence compared with 0.5 pence a year ago. Basic and diluted underlying loss per share was 4.0 pence compared with profit per share of 0.2 pence a year ago. Purchases of intangible assets were £117,000 compared with £126,000 a year ago. Loss for purpose of basic earnings per share - underlying was £19,831,000 compared with profit of £1,160,000 a year ago. Loss for purpose of basic earnings per share - underlying from continuing operations was £4,396,000 compared with £2,281,000 a year ago.

The Board expects that revenues in the third quarter of 2016 will be lower than those in the second quarter.