Management Consulting Group plc Reports Consolidated Earnings Results for the Year Ended December 31, 2017
Management Consulting Group PLC reported consolidated earnings results for the year ended December 31, 2017. For the year, the company reported revenue of £35,103,000 compared to £45,193,000 reported last year. Loss from operations - underlying was £8,304,000 against £8,845,000 reported last year. Operating loss was £25,788,000 against £39,613,000 reported last year. Loss before tax was £26,283,000 against £40,769,000 reported last year. Loss for the period from continuing operations was £30,768,000 or 6.1 pence per diluted share against £38,560,000 or 7.6 pence per diluted share reported last year. Loss for the period was £31,019,000 or 6.1 pence per diluted share against £55,000 or 0.00 pence per diluted share reported last year. Net cash outflow from operating activities was £15,014,000 against £15,214,000 reported last year. Purchases of property, plant and equipment was £108,000 against £414,000 reported last year. Purchases of intangible assets was £15,000 against £239,000 reported last year. Underlying loss for the period was £13,476,000 or 2.6 pence per diluted share against £4,585,000 or 0.9 pence per diluted share reported last year. Underlying loss from continuing operations was £13,476,000 or 2.6 pence per diluted share against £8,151,000 or 1.6 pence per diluted share reported last year.