Advance Nanotek Limited has increased revenue by approximately 35% in fiscal year 2018 and the board expected the profit after tax to be better than $1.5 million, before allowing for the adjustment to the deferred tax asset, based on fiscal year 2018 current unaudited management accounts, fiscal year 2017 results were $571,000. The headline profit after tax will be positively affected with the (write back) increase of the Deferred Tax Asset balance to $2 million, resulting in statutory profits of approximately $3.5 million, with a further $9.6 million available to be brought back onto balance sheet over the next 3-4 years with further corresponding increases in headline after tax profits.