Torotrak plc announced unaudited consolidated earnings results for the six months ended 30 September 2015. For the period, the company reported, revenue was £1,169,000 against £1,614,000 for the same period a year ago, reflecting the final £1.0 million licence fee payment received from Allison last year. Operating loss was £9,771,000 against £3,827,000 for the same period a year ago.

Loss before tax was £9,795,000 against £3,821,000 for the same period a year ago. Loss for the period was £9,426,000 or 2.50 pence per basic and diluted share against £3,672,000 or 1.34 pence per basic and diluted share a year ago. Net cash used in operating activities was £4,224,000 against £4,019,000 for the same period a year ago.

Capital expenditure on patents and property, plant and equipment fell to £0.3 million from £0.8 million in the prior period, reflecting the significant investments in manufacturing and test equipment made in the previous financial year.