K3 Business Technology Group plc announced unaudited consolidated earnings results for the half year ended December 31, 2012. For the period, the company reported revenue from continued operations of £31,547,000 against £33,355,000 a year ago. Profit from operations was £620,000 against £4,660,000 a year ago. Profit before taxation was £185,000 against £3,975,000 a year ago. Profit for the period was £21,000 6 or 0.7 pence per diluted share against £3,457,000 or 12.0 pence per diluted share a year ago. Net cash generated from operating activities was £6,341,000 against £4,793,000 a year ago. Purchase of property, plant and equipment were £528,000 against £480,000 a year ago. Adjusted profit from operations decreased to £2.94 million against £6.91 million - £0.76 million contribution from acquisitions made in the prior year against £0.51 million a year ago. Adjusted PBT before tax reduced to £2.51 million against £6.23 million a year ago. Adjusted earnings were £1,827,000 or 6.3 pence per diluted share against £5,105,000 or 17.7 pence per diluted share a year ago. Net debt reduced by 8% to £12.32 million against £13.35 million for the previous year. Net debt at the period end reduced by 8% year-on-year to £12.32 million and is £3.36 million lower.

K3 Business Technology Group plc has given up its plan to sell its business. Tom Milne, Chairman, K3 Business said, "One of the strengths of the business is that a considerable portion of group income is recurring, with existing customers accounting for recurring revenues of £33.74 million, up 40% on last year. Revenues also benefited from the five significant acquisitions completed in the year." The shares K3 fell 16.10% to 148.5 pence on the announcement.

K3 Business Technology Group plc reported audited consolidated earnings results for the year ended June 30, 2012. For the period, the company reported revenue was £67.96 million against £52.80 million a year ago. Adjusted profit from operations was £11.33 million against £9.58 million a year ago. Profit from operations was £7.35 million against £5.81 million a year ago. Adjusted profit before tax was £10.02 million against £8.68 million a year ago. Profit before tax was £6.04 million against £4.91 million a year ago. Adjusted earnings per share were 30.2 pence against 27.5 pence a year ago. Basic earnings per share were 20.3 pence against 17.5 pence a year ago. Profit for the period was £5.72 million against £4.48 million for the same period a year ago. Net cash generated from operating activities was £5.126 million against £3.290 million for the same period a year ago. Purchase of property, plant and equipment was £1.280 million against £0.681 million for the same period a year ago. Net debt at June 30, 2012 was £15.68 million against £15.49 million at June 30, 2011. The company’s board proposed a final (and total) dividend for the financial year of 1.0 pence per share against 0.75 pence a year ago. Subject to shareholder approval at company's General Meeting, this dividend will be become payable on January 18, 2013 to shareholders on the register at December 14, 2012.