National Veterinary Care Ltd. reported Audited consolidated earnings results for the half year ended December 31, 2017. For the period, the company reported revenue of AUD 41,642,000 against AUD 32,588,000 a year ago. Profit before income tax expense was AUD 4,712,000 against AUD 4,264,000 a year ago. Profit after income tax expense was AUD 3,577,000 against AUD 2,868,000 a year ago. Profit for the half-year is attributable to owners of the company was AUD 3,266,000 or 5.541 cents per diluted share against AUD 2,557,000 or 4.91 cents per diluted share a year ago. Net cash from operating activities was AUD 1,357,000 against AUD 5,981,000 a year ago. Payment for purchase of businesses, net of cash acquired was AUD 10,375,000 against AUD 13,566,000 a year ago. Payments for property, plant and equipment was AUD 917,000 against AUD 624,000 a year ago. Underlying net profit for the year attributable to equity owners was AUD 3,086,000 compared to AUD 3,052,000 a year ago. Underlying EBITDA for the year (including non-controlling interest) was AUD 6,276,000 compared to AUD 6,048,000 a year ago. Underlying basic earnings per share were 5.26 cents compared to 5.92 cents a year ago. Statutory EBITDA was AUD 6,081,000 against AUD 5,391,000 a year ago. Underlying revenue was AUD 40,003,000 compared to AUD 32,588,000 a year ago. Underlying net profit after tax was AUD 3,086,000 compared to AUD 3,052,000 a year ago. Underlying cash flows from operating activities was AUD 5,237,000 compared to AUD 7,706,000 a year ago. Statutory revenue was AUD 41,642,000 against AUD 32,588,000 a year ago. Underlying revenue was AUD 40,003,000 compared to AUD 32,588,000 a year ago. Statutory EBITDA was AUD 6,081,000 against AUD 5,391,000 a year ago. Statutory net profit after tax was AUD 3,266,000 against AUD 2,557,000 a year ago. Statutory cash flows from operating activities were AUD 3,675,000 against AUD 7,049,000 a year ago. Statutory basic earnings per share were 5.57 cents compared to 4.96 cents a year ago.

The company provided earnings guidance for the financial year ending June 30, 2018. For the year, the company's statutory revenue growth expected to be greater than 25% above the statutory fiscal year 2017 revenue of AUD 66.8. million. Gross margin expected to be in line with fiscal year 2017. Underlying EBITDA margin expected to be in the range of 16%-17%.