Cadmus Technology deeper in red

Listed payment solutions company Cadmus Technology lost $1.52 million for the 13 months to June, compared with $378,000 last year. It reported earnings before interest, tax, depreciation and amortisation of $1.42 million.

Unusual items included an asset revaluation writedown of $392,000 and amortisation of goodwill of $1.566 million, relating to Cadmus' purchase of Insight Data.

The company recognised losses of $322,000 from depreciation and expenses relating to its investment in associated companies ESTL and POS Power.

Sales more than doubled to $7.5 million compared with $3.42 million previously.