Medserv plc – Half Yearly Report

The Group registered a loss before tax of €2,897,068, compared to profit of €275,851, registered in 2016. Revenue for the period under review amounted to €13,619,788, a decline of 21.3% over the same period in 2016. This reduction is a result of the slowdown in performance across the Group’s operations, Integrated Logistic Support Services (ILSS) and Oil Country Tubular Goods (OCTG). As previously reported, this depressed revenue is in line with the global trend but is not expected to continue as Group operations will pick up in both ILSS and OCTG, primarily in the fourth quarter of this year.

EPS for 6 months ending 30th June 2017 stood at a loss of €0.061, a decrease of €0.065 over the same period in 2016.

No interim dividends are being recommended.

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