Half Yearly Report and Accounts

Key points

• Revenue from continuing operations up 17.9% to $78.2 million
• Loss after income tax from continuing operations up 16.0% to $7.0 million
• Profit after tax from discontinued operations up 79.1% to $7.1 million

Full summary

Swoop Holdings Ltd reported a 17.9% increase in revenue from continuing operations to $78.2 million and a 16.0% increase in loss after income tax from continuing operations to $7.0 million for the half-year ended 31 December 2017. Profit after tax from discontinued operations increased by 79.1% to $7.1 million. The total gain for the half-year attributable to the owners of Swoop Holdings Ltd was up 108.9% to $86.0 million. The Group's gross margin was down 6.4% to 49.974% and underlying EBITDA was down 14.6% to $8.13 million. Underlying net loss before tax was up 15.6% to $1.90 million.