Neptune Marine Services Limited reported consolidated earnings results for the six months ended 30 September 2015. For the period, the company reported profit from continuing operations before tax of AUD 1.201 million against AUD 2.343 million for the same period a year ago. Profit of Neptune for the period after providing for income tax amounted to AUD 1.815 million or 2.95 cents basic and diluted profit per share against AUD 1.764 million or 2.81 cents diluted profit per share for the same period a year ago.

Revenue was AUD 63.970 million, slightly down on the prior corresponding period of AUD 66.883 million due to the challenging market conditions. Profits were further impacted with some one-off items including relocation expenses, asset write offs and costs associated with restructures to the business. Net cash flows from operating activities was AUD 1,850,000 against AUD 5,866,000 for the same period a year ago.

Purchase of property, plant and equipment was AUD 4,318,000 against AUD 3,492,000 for the same period a year ago.