CloudBuy PLC Announces Group Earnings Results and Company Cash Flows Results for the Year Ended December 31, 2015
June 28, 2016 at 02:00 am EDT
cloudBuy PLC announced group earnings results and company cash flows results for the year ended December 31, 2015. For the year, on group basis, the group's revenue decreased by 18% to £1,748,037 from £2,124,742 a year ago. Operating loss was £6,074,828 against £4,629,492 a year ago. Loss on ordinary activities before taxation increased to £6,064,829 from loss on ordinary activities before taxation of £4,625,272 a year ago. Loss for the year attributable to equity shareholders of the parent was £5,973,456 or 4.8 pence per basic and diluted share against £4,565,855 or 4.1 pence per basic and diluted share a year ago. Net cash used by operations was £4,829,946 against £3,621,619 a year ago. Net cash used in operating activities was £4,669,118 against £3,622,240 a year ago. Purchase of other intangible assets was £5,605. Purchase of property, plant and equipment was £155,126 against £88,392 a year ago. Adjusted earnings were £5,382,148 against £4,075,671 a year ago.
For the year, on company basis, the company’s net cash used by operations was £4,913,777 against £3,600,913 a year ago. Net cash used in operating activities was £4,752,949 against £3,600,913 a year ago. Purchase of other intangible assets was £5,605. Purchase of property, plant and equipment was £89,644 against £75,062 a year ago.