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JCURVE SOLUTIONS LTD — Interim / Quarterly Report 2021
Feb 17, 2021
65158_rns_2021-02-17_8bfc7c1a-7c2f-4504-be73-6f200ad3b075.pdf
Interim / Quarterly Report
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18 February 2021
Manager of Company Announcements ASX Limited Level 6, 20 Bridge Street SYDNEY NSW 2000
By E-Lodgement
Half Year Results 31 December 2020
JCurve Solutions Limited (“JCS” or “the Company”) is pleased to confirm the Half Year 31 December 2020 results previously reported to the market. The results reflect the strong business performance of the Company over the reporting period and the highlights are aptly reflected below:
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----- Start of picture text ----- FocusedClosing Record ERP Solid sales reductionOperating cash Strong customer result of in ERPcash flow balance 31 customer win with $5.1m with operatingpositive December retention significant $4.9m in costs$0.4m 2020 of results recurring recognised increasing$4.5m revenue revenue forwardmargins----- End of picture text -----
Results for Announcement to the Market
The operating results for the half year to 31 December 2020 is shown below with comparisons to the previous corresponding period, being the half year ended 31 December 2019.
| Half Year | Half Year | Percentage increase / | |
|---|---|---|---|
| ended 31 | ended 31 | decrease over | |
| December | December | previous | |
| 2020 ($) | 2019 ($) | corresponding period | |
| Revenue | 4,896,065 | 5,733,397 | 15% decrease |
| Profit/(Loss) before interest, taxation, depreciationand amortisation (EBITDA) | 354,929 | 242,635 | 46% increase (*) |
| Net (loss) before tax | (88,638) | (182,985) | 52% decrease (*) |
| Net (loss) after tax | (129,310) | (274,018) | 53% decrease (*) |
| (Loss) from ordinary activities after taxattributable to members | (129,310) | (274,018) | 53% decrease (*) |
| Net (loss) for the period attributable to members | (129,310) | (274,018) | 53% decrease (*) |
- improvement on comparative period
JCurve Solutions Limited ABN 63 088 257 729
jcurvesolutions.com Level 8, 9 Help Street, Chatswood, NSW 2067
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Dividends
No dividends were paid during the half year period ended 31 December 2020 and the Board advises that at this stage while it continues investigating expansion and diversification opportunities and investing in research and development activities, it does not intend to declare a final dividend. The Board will consider reinstating the dividend policy in the future.
Net Tangible Assets / Earnings Per Share
| 31 December2020 | 31 December2019 | |
|---|---|---|
| Net tangible assets per ordinary share for continuingoperations | 0.55 cents | 0.52 cents |
| Basic loss per ordinary share for continuing operations | (0.04 cents) | (0.08 cents) |
Independent Auditor’s Review Report
The information outlined above is presented in accordance with ASX Listing Rule 4.2A and the Corporations Act 2001 ( Corporations Act ). The Appendix 4D is based on the reviewed Half Year Financial Report for the period ended 31 December 2020. The Independent Review Report is included in the Half Year Report.
Accounting Policies, Estimation Methods and Measurements
Estimation methods and measurement bases used in the Appendix 4D are the same as those used in the previous annual report and half-year report.
Explanation of Result
Please refer to the Directors’ Report - Review of Operations included in the Half Year Report, for the explanation of the result for the half year period ended 31 December 2020.
Yours faithfully
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Mark Jobling Chairman
JCurve Solutions Limited ABN 63 088 257 729
jcurvesolutions.com Level 8, 9 Help Street, Chatswood, NSW 2067