Highlights for the 6 months ended 30 June 2017
Group Results H1-17 v H1-16
| Revenue | $8.2 vs. $5.2m |
| Gross Profit | $4.9m vs. $2.9m |
| Gross Margin | 59.6% vs. 56.7% |
| Operating Profit before depreciation (EBITDA) | $2.4m vs. $0.5m |
| Group Net Profit | $0.8m vs. $0.8m |
| Group Earnings Per Share – basic and diluted*1 | $0.04/£0.03 vs. $0.03/£0.02 |
| Book value per share*2 | $1.29/£0.99 vs. $1.17/£0.77 |
| Cash | $3.1m vs. 1H16 $13.2m |
| Debt | $nil vs $nil |
| *1 based on weighted average number of shares in issue of 21,657,704 (1H16: 22,806,734) | |
| *2 based on actual number of shares in issue as at 30 June 2017 of 21,633,865 | |
H1-17 Operational Highlights
WGP
· Completion of PRM surveys over Snorre and Grane in the North Sea
· Completion of PRM survey over Ekofisk in the North Sea
· Ongoing operations over Eldfisk In the North Sea
ARL
· Completion of 1st stage testing of prototype flying node
· Progress with the development of autonomous operational software
Autonomous Robotics Ltd – Flying Nodes