IOT Group Limited announced consolidated earnings results for the six months ended June 30, 2018. For the period, the company reported sales revenue of AUD 180,226 against AUD 646,514 a year ago. Loss before income tax was AUD 2,835,742 against AUD 4,396,759 a year ago. Loss from continuing operations was AUD 2,835,742 against AUD 4,396,759 a year ago. Loss attributable to members of the parent entity was AUD 2,707,757 against AUD 3,993,708 a year ago. Basic and diluted loss per share was 0.31 cents against 0.86 cents a year ago. Net cash used in operating activities was AUD 1,713,756 against AUD 6,339,235 a year ago. The decrease in loss is largely attributable to the fact that there has been a cost reduction programme implemented in the six months to 30 June 2018. Net tangible assets per security were 0.05 cents.