Gamma Communications plc reported consolidated unaudited earnings results for the quarter ended June 30, 2018. Revenue was £137.6 million compared to £116.3 million a year ago. Earnings before depreciation and amortisation (EBITDA) was £21.8 million compared to £16.7 million a year ago. Profit from operations was £15.5 million compared to £12 million a year ago. Profit before tax was £15.5 million compared to £12.1 million a year ago. Profit after tax was £12.7 million compared to £10.7 million a year ago. Total comprehensive income attributable to the owner of the parent was £12.7 million compared to £10.7 million a year ago. Diluted per ordinary share was 13.4 pence compared to 11.4 pence million a year ago. Net cash flows from operating activities was £16.6 million compared to £10 million a year ago. Purchase of property, plant and equipment was £5.3 million compared to £3.5 million a year ago. Purchase of intangible assets was £1 million compared to £1.4 million a year ago. Adjusted EPS was 13.4 pence compared to 10.4 pence a year ago. Adjusted Profit after tax was £12.7 million compared to £9.8 million a year ago. The cash flow from operations has improved in the first half of 2018 compared to the previous period. This is due to payments made in advance to suppliers in 2017 in return for better terms.

The estimated average annual tax rate used for the year to 31 December 2018 is 18.1%.