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1H21 Results Announcement ASX Release SKS Technologies 19 February 2021 Comprehensive Business Overhaul Results in Profit 1H21 Highlights $ 1.03M $ 0.82M $ 14.60M $ 1.73M Net Profit Net Cash Flow Total Revenue - Continuing Operations Operating Cash Flow SKS Technologies Group Limited ( ASX : SKS ) is pleased to announce a net profit after tax for the half year of $ 1.03 million compared with a loss of $ 2.56 million in the previous corresponding period . Profit from continuing operations totalled $ 0.66 million compared with a loss of 1.06 million in 1H20 . The result reflects the success of the wholesale restructure of the business that was commenced at the beginning of 1H20 . Chief Executive Officer , Matthew Jinks , said , “ After our FY20 restructure of the business , which captured the full spectrum of the operations and was conducted as we continued to perform ongoing business - as- usual activities , we were confronted with the COVID - 19 outbreak and all the consequences that it brought . While we still have work to do to improve and grow the business , under these circumstances , we are encouraged by the first half financial performance . " $ M NPAT ( Continuing Ops ) 0.7 -1.1 1H20 1H21 Total Expenses - ( Continuing Ops ) Cash from Operations $ M $ M 16.1 13.9 1H20 1H21 -0.2 1.7 1H20 1H21 Total revenue for the half was 3.1 % down at $ 14.6 million compared with $ 15.1 million in 1H20 . This half included $ 1.2 million of JobKeeper payments . While total expenses , including raw material costs , decreased by 13.6 % or $ 2.19 million , operating expenses , including occupancy , employee and administration costs , decreased by 11.0 % or $ 0.64 million . The reduction in these controllable costs emanates from the rigorous cost focus that was an essential part of the restructure program . 1