Bond International Software posts a pre-tax loss of £762,000 for the six months to the end of June compared with a loss of £937,000 a year ago. Operating losses narrowed to £639,000 from £720,000. There is a profit from discontinued activities of £9,003,000 (2015: £1,520,000) including a profit on the sale of Strictly Education Limited of £8,073,000 with the balance of £930,000 arising from the operations of the disposal groups. The group generated £2,469,000 of cash from its operating activities (2015: £2,863,000) and a further £6,538,000 (net of cash disposed of) through the sale of Strictly Education Limited. The group paid out £500,000 for deferred consideration for Eurowage Limited and £1,860,000 on capital expenditure on property, plant and equipment and intangible assets (2015: £2,253,000). As a result of these cash flows the group has repaid its bank borrowings of £5,950,000 in full.
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