Prime Active Capital PLC (PACC.L) Friday reported a pre-tax loss for fiscal year 2011 of 2.67 million euros, wider than last year's pre-tax loss of 1.23 million euros.
Loss applicable to equity shareholders for the year was 2.57 million euros or 11.34 euros per share, compared to loss of 1.34 million euros or 5.92 euros per share last year.
Excluding items, adjusted loss for the year was 1.13 million euros or 4.70 euros per share, compared to 0.18 million euros or 0.42 euros per share last year.
Revenues for the year were 37 million euros, compared to 36.6 million euros last year.
Moving forward, Prime Active Capital said it does not expect a return to the margins achieved in the first half of 2011, and there is unlikely to be a major uplift.
"This has become a tough business and is likely to remain that way for the foreseeable future even as we continue to reduce costs," the company said.
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by RTT Staff Writer
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