Lakehouse plc Proposes Final Dividend for the Financial Year Ended September 30, 2016, Payable on April 6, 2017; Reports Consolidated Earnings Results for the Year Ended September 30, 2016
The company reported consolidated earnings results for the year ended September 30, 2016. For the period, the company's revenue was £333,838,000 against £340,198,000 a year ago. Operating loss was £31,670,000 against operating profit of £4,579,000 a year ago. Loss before tax was £33,281,000 against profit before tax of £3,202,000 a year ago. Loss for the year attributable to the equity holders of the group was £29,268,000 against profit of £2,386,000 a year ago. Loss diluted per share was 18.6 pence against earnings per diluted share of 1.7 pence a year ago. Net cash used in operating activities was £4,044,000 against net cash provided by operating activities of £16,747,000 a year ago. Purchase of property, plant and equipment was £819,000 against £1,169,000 a year ago. Purchase of intangible assets was £291,000 against £491,000 a year ago. Total underlying EBITA was £10,909,000 against £22,224,000 a year ago. Underlying profit before tax was £9.9 million against £21.6 million a year ago. Net debt was £20.6 million as on December 31, 2016.