RS2 Software plc – Interim Financial Statements

RS2 Software plc announced the interim financial results for the six months ended June 30, 2016. The group registered a profit  before tax of €3.42 million, compared to €6.56 million registered in 2015. This reduction is attributable to two main factors, increases across all categories of expenses as the Group gears up for further growth, and the effect of foreign currency fluctuations. Over the past year, the Group has been negatively impacted by exchange fluctuations as reported under other operating expenses, particularly the Pound Sterling. Revenue for the period under review amounted to €11.25 million a decline of 2.6% from 2015. Earnings per share decreased to €0.016 from €0.030 from in 2015.

Due to further substantial investment in infrastructure and business development, the Board is not declaring an interim dividend.

To view the full announcement, click here.