Management Resource Solutions PLC announced unaudited revenue results for the year ended June 30, 2017. For the year, the company announced revenues of AUD 52.2 million in line with expectations, however the operating performance of the business was below expectations.

The company provided earnings guidance for the year ended June 30, 2017. The company announced the impact of the lack of working capital and the resulting cash constraints was greater than expected at the time of publication of the half year results on 7 April, and as a result the loss for the financial year ended 30 June 2017 will be materially higher than market expectations. The level of one-off exceptional costs (including impairment costs and provisions) which are still being classified as part of the audit process, will also be materially higher than expected.