Omega Diagnostics Group PLC (ODX.L) Friday reported loss attributable to shareholders of GBP 29 thousand for the first half of 2010, compared to profit attributable of GBP 51 thousand last year, reflecting higher administrative costs.
Loss per share after exceptional items was 0.2 pence, compared to earnings per share after exceptional items of 0.3 pence in the prior year period.
Before exceptional items, loss was 0.2 pence per share compared to an earnings of 0.9 pence per share in the same period last year.
Pre-tax profit was GBP 6 thousand, lower than GBP 67 thousand in the year earlier period.
Revenue for the first-half period grew 9% to GBP 2.87 million from GBP 2.64 million a year ago, with growth having taken place in UK and Europe, Africa and Middle East, North America and South/Central America and a small reduction in growth in Asia and the Far East.
During the six-month period, administrative costs rose to GBP 1.62 million from GBP 1.33 million in the corresponding period prior year. Of this, GBP 129 thousand related to share-based payment charges and GBP 34 thousand related to a foreign exchange loss on trading operations. The company attributed the remaining increase of GBP 107 thousand to a net increase in non-operational headcount of two senior positions.
Moving ahead, the company anticipates that further growth in revenue and profitability will be achieved in the second-half of financial year as the business is traditionally second-half loaded.
For comments and feedback: editorial@rttnews.com