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Interim Results H1 2014

Wednesday, 17 September 2014 18:11

Norcon plc  announces unaudited interim results for the six months ended 30 June 2014 (the “Interim Period”). 

FINANCIAL HEADLINES:

• Revenue of US$20.7m (H1 2013: US$22.9m)
• Gross profit of US$3.0m (H1 2013: US$3.1m)
• EBITDA loss of US$0.6 (H1 2013: US$0.3 loss)
• Loss after tax of US$1.4m (H1 2013: US$1.4m loss)
• Net cash balance of US$5.0m (30 June 2013: US$1.5m)
• Pro forma loss per share of US$0.03 (H1 2013: US$0.03 loss)

OPERATIONAL HEADLINES:

• Continued progress with diversification into new markets and services
• New deals secured in USA, Europe, Middle East and Asia Pacific
• Continued growth in revenues outside legacy market
             - now account for close to 60% of total H1 revenues compared to 50% in H1 2013 and 30% in H1 2012.