GR Engineering Services Limited announced earnings results for the half year ended December 31, 2015. For the period, the company reported revenue from operations of $127.2 million against $98.2 million a year ago. EBITDA was $10.8 million against $9.9 million a year ago. Profit before tax was $10.5 million against $8.3 million a year ago. Net profit after tax was $8.7 million against $6.5 million a year ago. Basic earnings per share were 5.8 cents against 4.3 cents per share a year ago. Net operating cash outflow was $11.2 million against net operating cash flow of $19.8 million a year ago. Net tangible asset backing per ordinary share as on December 31, 2015 was 32.03 cents against 30.85 cents as on December 31, 2014. EBITDA was $10.8 million, increase 9% a year ago. Total interest bearing debt was $1.5 million as at December 31, 2015.

The company has reliable visibility for the remainder of fiscal 2016 and expects revenue and earnings in the second half of fiscal 2016 to be consistent with fiscal 2016.