Business
Half-year Report
Half-year Report.
About this update from Thruvision Group Plc
[{"type":"text","content":"\n \nRNS Number : 4338Z Thruvision Group PLC 15 December 2017 \n\n15 December 2017\n \nThruvision Group plc\n \n(\"Thruvision\" or the \"Group\")\n \nInterim Results for the six months ended 30 September 2017\n \nThruvision (AIM: THRU) the specialist provider of people-screening technology to the international security market, announces its unaudited results for the six months ended 30 September 2017.\n \nKey Highlights\n· Completion of sale of Thruvision Group PLC's Video Business in October 2017 for a maximum consideration of £27.5 million\n· Total Group revenues in six month period ending 30 September 2017 of £11.6 million (H1 2017: £13.3 million) with total Group loss before tax of £13.8 million (H1 2017: £5.1 million) of which £11.3 million relates to discontinued operations\n· Thruvision revenues of £0.3 million (H1 2017: £0.6 million) with segment operating loss of £0.9 million (H1 2017: £0.4 million) and Central costs, which mainly relate to PLC overheads, of £1.6 million\n· Thruvision trading better since completion of sale of Video Business early in H2\n· Cash at 30 September of £2.5 million, with cash at 14 December of £17.3 million\n· Process underway to return excess funds from sale to Shareholders\n \n \nCommenting on the results, Tom Black, Chairman of Thruvision, said:\n \n\"With the sale of the Video Business successfully behind us, I am pleased that the new, more focused Group is starting to demonstrate good progress. Recent trading momentum has increased considerably relative to a few months ago and I remain confident that Thruvision is well placed to become a leader in the potentially large, international people-screening market. \"\n \n \n\n\n\n\nFor further information please contact:\n\n\n \n\n\n\n\n \n\n\n \n\n\n\n\nThruvision Group plc\n\n\n+44 (0)20 3553 5888\n\n\n\n\nTom Black, Executive Chairman\n\n\n \n\n\n\n\nColin Evans, Managing Director\n\n\n \n\n\n\n\n \n\n\n \n\n\n\n\nInvestec Bank plc\n\n\n+44 (0)20 7597 5970\n\n\n\n\nAndrew Pinder / Sebastian Lawrence / Patrick Robb\n\n\n \n\n\n\n\n \n\n\n \n\n\n\n\nFT...