FarmaForce Limited Announces Unaudited Consolidated Earnings Results for the Half Year Ended December 31, 2016
February 28, 2017 at 10:40 am IST
FarmaForce Limited announced unaudited consolidated earnings results for the half year ended December 31, 2016. For the half year period, the company's revenue was AUD 1,612,898 compared with AUD 1,362,134 a year ago. Offsetting this revenue increase was an increase in labor costs as a result of timing of the inception of new contracts against an earlier commencement of its larger sales teams. Loss before income tax was AUD 1,534,968 compared with AUD 1,483,298 a year ago. Loss for the period was AUD 1,534,968 or 0.01 cents per basic and diluted share compared with AUD 1,483,298 or 0.07 cents per basic and diluted share a year ago. Net cash used by operating activities was AUD 1,061,760 compared with AUD 1,725,105 a year ago. Purchase of property, plant and equipment was AUD 17,763 compared with AUD 111,841 a year ago. Loss from ordinary activities after tax attributable to members was AUD 1,535,000 compared with AUD 1,483,000 a year ago.