Venture Life Group Plc reported unaudited consolidated earnings results for the six months ended June 30, 2016. For the period, the company reported revenue was £6,121,000 against £4,372,000 a year ago. Operating loss before exceptional items was £391,000 against £843,000 a year ago. Operating loss was £533,000 compared to £843,000 a year ago. Loss before tax was £854,000 against £755,000 a year ago. Loss for the period attributable to the equity shareholders of the parent was £1,009,000 or 2.81 pence per basic and diluted share against £925,000 or 2.69 pence per basic and diluted share a year ago. Net cash used in operating activities was £582,000 against £1,057,000 a year ago. Purchases of property, plant and equipment was £79,000 against £114,000 a year ago.

The company provided earnings guidance for the second half of 2016. The outlook for the Group continues to improve, and the recent acquisition of Periproducts has helped the company to record a positive EBITDA for the first time. The strong revenue growth in the first half is set to continue through the second half, and with a strong order book in hand, The company expects to see the momentum continuing to build in the business, and remain optimistic about the future prospects for the Group.