Mobile Embrace Limited Announces Consolidated Earnings Results for the Full Year Ended June 30, 2017; Provides Earnings Guidance for Fiscal 2018
August 31, 2017 at 03:58 am EDT
Mobile Embrace Limited announced consolidated earnings results for the full year ended June 30, 2017. For the year, the company reported EBITDA of AUD 5,394,573 compared to AUD 9,495,954 million a year ago. Revenue from continuing operations was AUD 52,555,202 compared to AUD 60,563,131 a year ago. Profit before income tax was AUD 820,901 compared to AUD 7,394,160 a year ago. Net profit for the year was AUD 1,595,677 or AUD 0.35 diluted earnings per share compared to AUD 4,916,116 or AUD 1.15 a year ago. Net cash provided by operating activities was AUD 2,548,096 compared to AUD 6,331,601 a year ago. Purchase of property, plant and equipment was AUD 3,260,481 compared to AUD 1,630,947 a year ago. Purchase of intangible assets was AUD 3,665,139 compared to AUD 3,325,800 a year ago.
Based on current operations the company believes that, off a lower revenue base, its EBITDA performance for fiscal 2018 will
be improved over fiscal 2017.