ITM Power announced unaudited consolidated earnings results for the six-month period ended October 31, 2016. Total revenue and grant funding of £2.97 million against £3.45 million in 2015, down 14%, reflecting the early stages of build projects during which there is relatively little revenue recognition. Loss from operations was £2.27 million against £3.17 million in 2015, improved by 28%. Loss before tax was £2.272 million against £3.170 million a year ago. Loss for the period was £2.203 million or 1.0 pence basic and diluted per share against £2.776 million or 1.6 pence basic and diluted per share a year ago. Net cash used in operating activities was £0.704 million against £3.100 million a year ago. Purchases of property, plant and equipment was £0.839 million against £0.844 million a year ago. Payments for intangible assets were £0.100 million.