Future plc (FUTR.L), a specialist media group and digital publisher, Wednesday reported pre-tax loss of 0.3 million pounds for the first half, narrower than 0.7 million pounds loss recorded during the comparable period last year.
After tax, the loss for the first half of the year narrowed to 0.6 million from 1.1 million pounds loss reported during the same period previous year. Adjusted loss per share widened to 0.2 pence per share from 0.1 pence per share loss reported last year.
EBITDAE for the six-month period declined to 2.2 million pounds from 2.5 million pounds reported last year.
Revenues for the period decreased to 54.6 million pounds, from 61.1 million pounds generated during the corresponding period last year.
The group said that there would no interim dividend, but a final dividend will be reviewed following the financial performance of the company in the second half.
Mark Wood, Chief Executive said, "..Despite continued challenging conditions, and the impact of the Games cycle, we are seeing increased momentum on commercial revenues, contributions from new initiatives and bottom line improvements from cost efficiencies. These all point to a strong performance in the second half of the year, much as we saw in FY12, and we believe we are on track to achieve results broadly in line with our expectations."
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