Nasstar plc reported preliminary consolidated earnings results for the year ended December 31, 2017. For the year, the company reported revenue of GBP 24,501,000 against GBP 18,748,000 a year ago. Operating loss before exceptional items was GBP 560,000 against GBP 1,200,000 a year ago. Operating loss was GBP 992,000 against GBP 1,407,000 a year ago. Loss before tax was GBP 1,223,000 against GBP 1,771,000 a year ago. Loss and total comprehensive loss attributable to shareholders was GBP 1,048,000 or 0.2 pence per basic and diluted share against GBP 1,127,000 or 0.3 pence per basic and diluted share a year ago. Net cash from operating activities was GBP 6,055,000 against GBP 3,221,000 a year ago. Acquisition of intangible assets was GBP 191,000 against GBP 137,000 a year ago. Acquisition of property, plant and equipment was GBP 1,583,000 against GBP 1,672,000 a year ago. EBITDA was GBP 5,167,000 against GBP 3,505,000 a year ago. Adjusted EBITDA was GBP 5,639,000 against GBP 3,759,000 a year ago. Adjusted profit before tax was GBP 3,474,000 against GBP 1,857,000 a year ago. Adjusted earnings per share were 0.51 pence against 0.41 pence a year ago. Net debt at the end of 2016 was GBP 2.8 million, with 2017 seeing an improvement of GBP 3.8 million to GBP 1.0 million of net cash at December 31, 2017. Adjusted earnings were GBP 2,931 million against GBP 1,824 million a year ago.


Capital expenditure during 2018 is likely to run at a higher level than 2017 the company continues to deliver its ‘Nasstar 10-19' initiatives.