CloudBuy plc Announces Audited Group Earnings Results and Company Cash Flows Results for the Year Ended December 31, 2017
March 16, 2018 at 03:11 am EDT
cloudBuy PLC announced audited group earnings results and company cash flows results for the year ended December 31, 2017. For the year, on group basis, the company reported revenue of £1,504,067 compared to £1,714,491 a year ago. Operating loss was £2,349,944 against £4,055,990 a year ago. Loss on ordinary activities before taxation was £2,747,599 against £4,271,795 a year ago. Loss for the year attributable to equity shareholders of the parent was £2,611,373 or 1.9 pence per basic and diluted share against £4,114,659 or 3.2 pence per basic and diluted share a year ago. Net cash used in operating activities was £1,672,603 against £3,755,924 a year ago. Purchase of property, plant and equipment was £10,702 against £68,039 a year ago. Adjusted earnings were £2,447,021 against £3,420,299 a year ago.
For the year, on company basis, the company’s net cash used in operating activities was £1,619,909 against £3,796,735 a year ago. Purchase of property, plant and equipment was £10,702 against £52,248 a year ago.