Goals Soccer Centres plc announced consolidated and company earnings results for the year ended December 31, 2016. For the year, revenue was GBP 33,532,000 against GBP 33,013,000 a year ago. Operating profit was GBP 4,211,000 against operating loss of GBP 5,432,000 a year ago. Profit before tax was GBP 3,664,000 against loss before tax of GBP 6,181,000 a year ago. Profit for year attributable to equity holders of the parent was GBP 2,785,000 against loss of GBP 6,082,000 a year ago. Basic and diluted earnings per share were 4.1 pence against loss per share 10.4 pence a year ago. Net cash from operating activities was GBP 7,989,000 against GBP 10,643,000 a year ago. Acquisition of property, plant and equipment was GBP 10,175,000 against GBP 7,645,000 a year ago. Acquisition of software was GBP 322,000 against GBP 779,000 a year ago. Underlying free cash flow was GBP 9,417,000 compared GBP 10,643,000 a year ago. Underlying profit before tax was GBP 7,754,000 against GBP 8,269,000 a year ago. Underlying diluted earnings per share was 9.7 pence against 14.3 pence a year ago. Underlying EBITDA was GBP 11,234,000 against GBP 11,817,000 a year ago. Net debt at December 31, 2016 stood at GBP 24.0 million against GBP 36.7 million a year ago.

On company basis, net cash from operating activities was GBP 5,229,000 against GBP 9,966,000 a year ago. Acquisition of property, plant and equipment was GBP 7,489,000 against GBP 7,090,000 a year ago. Acquisition of software was GBP 311,000 against GBP 723,000 a year ago.

The effective rate is expected to reduce in 2017 to be in line with the standard UK corporation tax rate.