Hydrodec Group plc announced unaudited interim results for the six months ended June 30, 2018. For the period, the company reported revenue of $6,437,000 as compared to $6,649,000 a year ago. Operating loss was $1,485,000 as compared to $2,155,000 a year ago. Loss on ordinary activities before taxation was $2,137,000 as compared to $2,656,000 a year ago. Loss for the period attributable to owners of the parent company was $3,135,000 as compared to $2,368,000 a year ago. Loss per ordinary share from continuing operation was $0.28 as compared to $0.34 a year ago. Net cash outflow operating activities was $542,000 as compared to net cash inflow from operating activities $426,000 a year ago. Purchase of property, plant and equipment was $99,000 as compared to $92,000 a year ago.

For the second half, the company outlook for the rest of this year is promising as these trends continue and the Board expects second half performance to show material improvement over first half.