Mulberry Group plc announced unaudited consolidated earnings results for the six months ended Sept. 30, 2015. For the period, the company reported revenue of £67,768,000 against £64,700,000 a year ago. Operating loss was £58,000 against £1,218,000 a year ago. Profit before tax was £60,000 against loss of £1,110,000 a year ago. Profit for the period attributable to equity holders of the parent was £120,000 against loss attributable to equity holders of the parent of £410,000 a year ago. Diluted loss per share was 0.2 pence against diluted loss per share of 0.7 pence a year ago. Adjusted profit before tax-non-GAAP was £4,523,000 against £17,402,000 a year ago. Adjusted diluted earnings per share were 2.1 pence against 19.6 pence a year ago. Net cash outflow from operating activities was £7,058,000 against £2,925,000 a year ago. Purchases of property, plant and equipment was £2,036,000 against £6,074,000 a year ago. Acquisition of intangible fixed assets was £335,000 against £7,755,000 a year ago.

For the year ending March 31, 2016, the company's capital expenditure for the year to 31 March 2016 is expected to be in the region of £9.0 million compared with £17.0 million for the year 2015, of which the majority will be on stores. The effective tax rate for the full year is expected to decline to 48% against 63% a year ago, as a result of a reduction in the European and Canadian losses that cannot be offset against increasing UK profits.