GBST Holdings Limited reported audited consolidated earnings result s for the year ended June 30, 2017. For the year, the company reported total revenue of AUD 87.6 million compared to AUD 107.6 million, results from operating activities of AUD 5.6 million compared to AUD 9.8 million, profit before income tax of AUD 5.0 million compared to AUD 9.1 million, profit attributable to members of the parent entity of AUD 7.0 million or 10.30 cents per diluted share compared to AUD 9.13 million or 13.73 cents per diluted share, net cash provided by operating activities of AUD 10.9 million compared to AUD 11.9 million, purchase of plant and equipment of AUD 0.5 million compared to AUD 2.4 million and purchase of software intangibles of AUD 1.2 million compared to AUD 0.1 million for the last year. Operating earnings before interest, tax, depreciation, amortisation (EBITDA) and strategic R&D costs were AUD 21.8 million, compared to AUD 23.6 million in the previous year, with AUD 1.8 million of the reduction due to adverse foreign exchange movements. Operating EBITDA was AUD 12.2 million, compared to AUD 20.0 million and EBITDA was AUD 12.0 million, compared to AUD 17.2 million for the last year.

The company has provided operating EBITDA guidance before strategic R&D in product development in the range AUD 20 – AUD 25 million for fiscal year 2018. Strategic R&D in product development expenditure is expected to be in the range AUD 10 - AUD 15 million, with AUD 10 - AUD 12 million of that related to E-VOLVE and ComposerWeb 2.0.