Business
Preliminary Results
Preliminary Results.
About this update from Batm Advanced Communications Ltd.
[{"type":"text","content":"\n \nRNS Number : 9677S BATM Advanced Communications Ld 23 March 2016 \n\n23 March 2016 \n \nBATM Advanced Communications Limited\n(\"BATM\" or the \"Group\")\n \nPreliminary results for the year ended 31 December 2015\n \nBATM Advanced Communications Limited (LSE: BVC), a leading provider of real-time technologies for networking solutions and medical laboratory systems, announces its preliminary results for the year ended 31 December 2015.\n \nTransformational Year Completed\n· Overall Group performance amounted to growth of 2.3% in revenue compared with 2014 on a constant currency basis. However, currency fluctuations had an adverse impact of $14.6m on reported revenue, but an immaterial effect on the operating profit \n· Group returned to operating profitability driven by growth of Bio-Medical Division\n· Bio-Medical Division profitable for the first time in the Group's history\n· Telecom Division started showing recovery as it reported operating profit in H2 2015\n· New products and technologies continued to increase sales and replace legacy products, positioning the Group to further improve revenues and gross margins\n \nFinancial Summary \n· Group revenues of $97.1m (2014: $109.2m); on a constant currency basis, revenues amounted to $111.7m (2014: $109.2m) \n· Gross margin of 31.8% (2014: 31.2%)\n· EBITDA of $2.5m (2014: $0.9m)\n· Adjusted* operating profit of $0.7m (2014: $1m loss) \n· Adjusted** basic earnings per share of 0.02¢ (2014: 0.36¢ loss per share)\n· Cash outflow of $2.2m (...