Nasstar PLC announced unaudited consolidated earnings results for the six months ended June 30, 2016. For the six months ended the company reported revenue was £8,084,000 compared to £6,628,000 a year ago. EBITDA was £1,599,000 compared to £1,353,000 a year ago. Adjusted EBITDA was £1,599,000 compared to £1,408,000 a year ago. Loss before tax was £770,000 compared to £421,000 a year ago. Adjusted profit before tax was £742,000 compared to £884,000 a year ago. Loss for the period and total comprehensive income for the period, attributable to shareholders was £484,000 compared to £362,000 a year ago. Diluted loss per share was 0.1 pence compared to 0.1 pence a year ago. Net cash from operating activities was £1,800,000 compared to £907,000 a year ago. Acquisition of intangible assets was £61,000 compared to £64,000 a year ago. Acquisition of property, plant and equipment was £817,000 compared to £295,000 a year ago. Adjusted profit attributable to shareholders of the parent was £1,028 million against £943 million a year ago. Adjusted earnings per ordinary share 0.3 pence against 0.3 pence a year ago. Operating loss was £593 million against £384 million a year ago.

The company provided earnings guidance for the second half of 2016. The company expects to remain optimistic about the remaining half of the year and believes that the company is progressing in line with full year expectations.