Ann: Half Yearly Report and Accounts, page-2

HALF YEAR FINANCIAL REPORT & APPENDIX 4D
MCS Services Limited (MCS Services or the Company) (ASX: MSG) is pleased to present its auditor reviewed half-year report (Report) for the six (6) months ending 31 December 2020 (Period) and Appendix 4D. The previous corresponding period is the six months ending 31 December 2019.
Highlights from the Period, as detailed in the Report, are as follows:
• A 45% increase in revenue from ordinary activities to $17,787,098 compared to the corresponding prior period of $12,250,027, an increase of $5,537,071;
• An EBITDA of $1,010,137 compared to an EBITDA of $62,408 during the prior corresponding period, an increase of $947,729;
• A net profit from ordinary activities after tax attributable to members of $765,847 compared to a $45,922 net loss during the prior corresponding period, an improvement of $811,769;
• Net Tangible Assets per ordinary share on issue at 31 December 2020 of $0.008 ($0.004 at 30 June 2020, $0.004 at 31 December 2019)
• No dividends were paid or declared during the Period. The Company is not proposing to pay a dividend in relation to the Period;
• The Company did not gain or lose control over any entities during the Period;
• The Company has no associates or joint ventures.
The Board and senior management are focussed on meeting the needs of its key stakeholders by providing excellent customer service, attracting and retaining quality staff, and delivering sustainable profitability and growth for its valued shareholders.
Yours faithfully
The Hon RC (Bob) Kucera APM JP Non-Executive Chairman
MCS Services Limited