Ashley House PLC announced unaudited consolidated earnings results for the six months ended October 31, 2015. For the six months, the company announced revenue of GBP 10,626,000 compared to GBP 5,590,000 for the same period a year ago. Operating profit was GBP 472,000 compared to operating loss of GBP 1,722,000 for the same period a year ago. Profit before taxation was GBP 238,000 compared to loss before taxation of GBP 1,869,000 for the same period a year ago. EBITDA was GBP 643,000 compared to LBITDA of GBP 1,170,000 for the same period a year ago. Total comprehensive income for the period was GBP 238,000 or 0.41 pence per basic and diluted share compared to total comprehensive loss for the period of GBP 1,614,000 or 2.77 pence per basic and diluted share for the same period a year ago. Basic and diluted earnings per share on adjusted EBITDA was 1.10 pence compared to basic and diluted loss per share on adjusted LBITDA of 1.57 pence for the same period a year ago. Net cash used by operating activities was GBP 492,000 compared to GBP 582,000 for the same period a year ago. Purchase of property, plant and equipment was GBP 64,000 compared to GBP 116,000 for the same period a year ago. Net debt at the end of the period was GBP 2.6 million compared to GBP 2.2 million for the same period a year ago.

The company provided earnings guidance for the full year of fiscal 2016. The board of the company announced that it is confident that the company will be profitable for the full year subject to the timing risk on the next Extra Care developments which is affected by the awaited confirmation of Government policy.