U and I Group PLC reported unaudited consolidated earnings results for the six months ended August 31, 2018. For the six months, the company reported revenue of GBP 54.0 million against GBP 42.1 million a year ago. Operating loss was GBP 12.1 million against operating profit of GBP 32.9 million a year ago. Loss before income tax was GBP 4.2 million against profit of GBP 48.2 million a year ago. Loss after income tax for the period attributable to owners of the parent was GBP 4.5 million against profit of GBP 40.3 million a year ago. Basic and diluted loss per share was 3.5 pence against earnings per share of 32.2 pence a year ago. Net cash generated from operating activities was GBP 21.2 million against cash generated of GBP 9.6 million a year ago. Purchase of other plant and equipment was GBP 0.4 million against GBP 0.8 million a year ago. Purchase of investment properties was GBP 12.4 million against GBP 2.4 million a year ago. Net debt was GBP 118.7 million against GBP 159.4 million a year ago.

The company re-affirmed earnings guidance for the full year of fiscal year 2018. For the year, the guidance for the development and trading gains has been reconfirmed as a range of £45-50 million, following the delivery of £12.8 million of gains in the first half of the year.