ISOTeam reports $6 mil loss for 1H21 due to lower revenue, gross profit

ISOTeam has reported a loss of $6 million for the 1HFY2021 ended December, compared to earnings of $2.7 million the year before.

As such, this translated to loss per share of 1.73 cents from 0.98 earnings per share (EPS) in 1HFY2020.

Revenue during the half-year period fell 42.4% y-o-y to $36.7 million due to weak performance across the group’s business segments, and partially offset by other income due to gain on disposal of property and government grants.