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For the six months ended 30 June 2018, Tax Systems PLC revenues increased 14% to £8M. Net loss decreased 95% to £43K. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Lower net loss reflects Finance costs decrease of 9% to £765K (expense).
Period Ending: | Jun 30, 2018 | Dec 31, 2017 | Jun 30, 2017 | Dec 31, 2016 |
---|---|---|---|---|
Total Revenue | 7.99 | 8.09 | 7.02 | 5.75 |
Gross Profit | 7.35 | 7.58 | 6.39 | 5.38 |
Operating Income | -0.04 | 0.46 | -0.69 | -2.75 |
Net Income | -0.04 | 0.32 | -0.79 | -3.26 |
Period Ending: | Jun 30, 2018 | Dec 31, 2017 | Jun 30, 2017 | Dec 31, 2016 |
---|---|---|---|---|
Total Assets | 86.91 | 88.38 | 91.19 | 88.35 |
Total Liabilities | 39.58 | 41.1 | 44.38 | 40.46 |
Total Equity | 47.33 | 47.28 | 46.81 | 47.89 |
Period Ending: | Jun 30, 2018 | Dec 31, 2017 | Jun 30, 2017 | Dec 31, 2016 |
---|---|---|---|---|
Period Length: | 6 Months | 12 Months | 6 Months | 12 Months |
Cash From Operating Activities | 4.5 | 6.43 | 2.1 | -0.5 |
Cash From Investing Activities | -0.95 | 0.8 | 1.45 | -74.39 |
Cash From Financing Activities | -3.42 | -5.97 | -1.56 | 72.06 |
Net Change in Cash | 0.14 | 1.27 | 1.98 | -2.83 |
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