No dividend has been declared for the period (H1 2017: 0.70 pence per share).
Net debt at period end of £3.4 million (30 June 2017: £1.7 million net cash), due to payments related to the restructuring of the group's management team and payments in relation to prior period M&A activity.
Continuing basic loss per share was 1.76 pence (H1 2017 restated: 4.77 pence) Continuing adjusted earnings per share (as defined in the glossary) of 0.72 pence (H1 2017 restated: 2.75 pence).Adjusted Operating Cash Flow (as defined in the glossary) was £0.9 million (H1 2017: £0.8 million) with a strong cash conversion of 110% (H1 2017 restated: 34%) signalling a return to healthy cash generation from the Group's core operations.Group Operating Loss from our continuing operations of £1.1 million (H1 2017 restated: loss of £1.5 million) was less than the prior year principally due to a credit from the Group's share-based payment accounting without which the loss would have been £1.6 million (H1 2017 restated: loss of £0.5 million before a share-based payment charge of £1.0 million). Group Adjusted Operating Profit (as defined in the glossary) of £0.8 million (H1 2017 restated: £2.5 million) reflected increased operating expenditure in the period from the annualisation of significant investment in personnel during FY17.
On a constant currency basis (as defined in the glossary), revenue was £12.8 million, in line with the prior year.
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