Silex Systems (ASX:SLX) has announced its half year results for financial year 2019 posting a net loss from ordinary activities of $1.8m. The company has reduced its loss by by $3.7 million compared to the previous corresponding period.
The improvement in the net loss was largely due to a $3.9 million reduction in expenses.
Revenue decreased 34 per cent to $396 860.
Silex posted an earnings (EBITDA) loss of $2.2m for the period.
No dividends have been paid or proposed during the reporting period.
Silex says its balance sheet as at 31 December 2018 remains in a strong position with net assets of around $40 million.
Shares in Silex Systems (ASX:SLX) trading flat at 26 cents.