AorTech International plc reported unaudited consolidated earnings results for the six months ended September 30, 2012. For the period, the company reported revenue of $822,000 against $2,638,000 in the last year. Operating loss before exceptional item was $1,510,000 against operating profit before exceptional item of $626,000 in the last year. Loss before taxation was $1,509,000 against profit before taxation of $284,000 in the last year. Loss attributable to equity holders of the parent company was $1,509,000 against profit attributable to equity holders of the parent company of $284,000 in the last year. Basic and diluted loss per share was 31.23 cents against basic and diluted earnings per share of 5.88 cents in the last year. Negative net cash flow from operating activities was $1,439,000 against net cash flow from operating activities of $255,000 in the last year. Purchases of intangible assets were $55,000.

After serving on the Board of the company for nine years, during most of which he was Chairman, Jon Pither, having concluded his handover and now that the company has been stabilised, has decided to step down from the Board with effect from January 1, 2013.