Mi-Pay Group plc reported audited consolidated earnings results for the year ended December 31, 2015. For the period, the company reported revenue of £3,014,174 against £2,699,315 a year ago. Operating loss was £1,438,976 against £4,204,893 a year ago.

Loss before taxation was £1,435,942 against £4,310,543 a year ago. Loss for the year from continuing operations was £1,439,091 against £4,317,643 a year ago. Basic and diluted loss per share for continuing operations was 3.6 pence against 15.1 pence a year ago.

Net cash flow from operating activities was £21,860 against net cash outflows from operating activities of £3,114,079 a year ago. Purchase of property, plant and equipment was £74,899 against £45,357 a year ago. The company announced that £1.7 million reduction in adjusted operating loss to £1.2 million.