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For the fiscal year ended 31 December 2018, Porta Communications PLC revenues decreased 11% to £35.9M. Net loss decreased 18% to £4.5M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Lower net loss reflects Operating and administrative expenses decrease of 7% to £29.1M (expense), Impairment of associate decrease of 98% to £18K (expense).
Period Ending: | Dec 31, 2018 | Jun 30, 2018 | Dec 31, 2017 | Jun 30, 2017 |
---|---|---|---|---|
Total Revenue | 17.33 | 18.53 | 20.84 | 19.44 |
Gross Profit | 15.49 | 15.68 | 17.73 | 16.48 |
Operating Income | -1.58 | -1.32 | -1.43 | -0.08 |
Net Income | -2.4 | -2.08 | -3.53 | -1.91 |
Period Ending: | Dec 31, 2018 | Jun 30, 2018 | Dec 31, 2017 | Jun 30, 2017 |
---|---|---|---|---|
Total Assets | 20.57 | 24.78 | 26.4 | 29.85 |
Total Liabilities | 20.43 | 22.14 | 22.34 | 26.11 |
Total Equity | 0.14 | 2.64 | 4.05 | 3.74 |
Period Ending: | Dec 31, 2018 | Jun 30, 2018 | Dec 31, 2017 | Jun 30, 2017 |
---|---|---|---|---|
Period Length: | 12 Months | 6 Months | 12 Months | 6 Months |
Cash From Operating Activities | 0.66 | 0.07 | -1.15 | -1.6 |
Cash From Investing Activities | -0.99 | -0.78 | -0.95 | -0.59 |
Cash From Financing Activities | -0.62 | -0.86 | 3.8 | 2.03 |
Net Change in Cash | -0.94 | -1.59 | 1.68 | -0.16 |
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