Flowtech Fluidpower PLC (FLO.L) Wednesday reported loss from continuing operations before tax of 27.08 million pounds for the full year, higher than 12.10 million pounds loss in the previous year.
Operating loss grew to 25.24 million pounds from 10.37 million pounds loss a year ago.
Excluding one-time items, the company posted underlying operating profit of 2.7 million pounds, lower than 6 million pounds in the prior year.
Net loss from continuing operations increased to 26.41 million pounds or 42.23p per basic share from 12.98 million pounds or 21.10 per basic share loss last year.
Underlying EBITDA, or underlying earnings before interest, taxes, depreciation, and amortization decreased to 5.9 million pounds from 9.4 million pounds a year ago.
Revenue for the year declined to 107.28 million pounds from 112.09 million pounds in the prior year.
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