Melbourne IT Limited announced unaudited consolidated earnings results for the year ending December 31, 2017. For the year, the company reported revenue of AUD 197.8 million against AUD 168.4 million a year ago. EBITDA was AUD 31.9 million against AUD 28.2 million a year ago. NPAT was AUD 14.0 million against AUD 10.7 million a year ago. Profit before tax was AUD 20,016,000 against AUD 19,757,000 a year ago. Profit for the year attributable to members of the parent was AUD 13,957,000 against AUD 10,727,000 a year ago. Cash flow from operations was AUD 13,444,000 against AUD 14,302,000 a year ago. Operating cash flow was impacted in 2017 due to an increase in the net working capital requirements of the Group, driven by continued strong growth in the ES and SMB Solutions revenue, which is billed in arrears. Diluted earnings per share were 12.39 cents against 10.67 cents a year ago. Purchase of plant and equipment and intangible assets was AUD 4,042,000 against AUD 4,874,000 a year ago. Underlying NPAT was AUD 19,866,000 against AUD 14,344,000 a year ago. Underlying EBITDA was AUD 38,561,000 against AUD 28,405,000 a year ago.

For the year 2018, the company expects to report underlying EBITDA for 2018 in the range of AUD 41.5 million to AUD 45.5 million, and underlying undiluted EPS is expected to be in the range of 17.3 cents to 19.6 cents per share.