Source - SMW
TechFinancials has issued its unaudited interim results for the six-month period ended 30 June 2016.

HIGHLIGHTS:

- Revenue increased by 34% to US$9.86m (H1 2015: US$7.34m)

- The core software licencing revenue increased by 34% to US$5.39m (H1 2015: US$4.03m) 

- The trading platform revenue increased by 35% to US$4.47m (H1 2015: US$3.31m)

- Gross Profit increased by 42% to US$7.36m (H1 2015: US$5.18m)

- Gross Margin increased by 4% to 75% (H1 2015: 71%)

- Operating profit increased to US$1.59m (H1 2015: US$0.10m)

- Profit for the period increased to US$1.25m (H1 2015: loss of US$0.08m)

- Cash position at the period end was US$3.9m (31 December 2015: US$3.4m)

- Basic earnings per share ("EPS") increased to US$0.0188 from a loss of US$0.001 in H1 2015

- Profit for the period attributable to the owners of the Company increased to US$0.45m (H1 2015: loss of US$0.08m)

- EBITDA attributable to the owners of the Company increased by 98% to US$1.09m (H1 2015: US$0.55m)