Image Scan Holdings Plc. (IGE.L) announced its interim results for the six months ended 31 March 2013. Loss after tax was 389,000 pounds, compared to profit of 6,000 pounds. Loss per share was 0.5 pence, compared to profit per share of 0.01 pence.
Revenue for the six months was down at 1.07 million pounds, compared to 1.76 million pounds last year, mainly due to starting the year with a much lower opening order book of 400,000 pounds, compared to 2.3 million pounds.
"The Board anticipates that going forward the Company can achieve profitability on a sustainable basis, and that this will provide a platform for future growth. However, the Board is mindful of the challenges faced in managing the cash flow and is therefore considering ways of introducing further funding to meet the working capital requirements to operate and develop the business," the company said.
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