PureCircle Limited reported unaudited consolidated earnings results for the six months ended 31 December 2017. For the period, the company reported revenue of $53.507 million against $47.230 million a year ago. Loss before taxation was $1.767 million against $2.150 million a year ago. Loss for the period was $4.007 million against $0.676 million a year ago. Loss for the financial period attributable to owners of the company was $4.007 million against $0.676 million a year ago. Loss per diluted share was 2.30 cents against 0.39 cents a year ago. Net cash from operating activities was $0.254 million against $5.433 million a year ago. Addition of intangible assets was $4.774 million against $5.140 million a year ago. Purchase of property, plant and equipment was $9.291 million against $22.772 million a year ago. Adjusted EBITDA was $7.800 million against $6.383 million a year ago. Net debt was $98.449 million against $80.083 million a year ago. Net debt increased primarily due to working capital requirements and investment in expanding production facilities.

The company provided due to the seasonal nature of the group operations, higher revenue and operating profit are usually expected in the second half of 2018 than the first six months.