PMP Limited reported earnings results for the first half ended December 31, 2017. For the period, the company reported sales revenue of $398.5 million compared to $262.2 million a year ago. EBITDA (before significant items) was $20.2 million compared to $11.1 million a year ago. EBIT (before significant items) was $4.9 million compared to loss of $1.8 million a year ago. Net Profit (before significant items) was $1.1 million compared to loss of $2.9 million a year ago. Loss before income tax expense 13.8 million compared to $13.2 million a year ago. Net (Loss) (after significant items) was $19.5 million compared to $14.5 million a year ago. Free cash flow was $0.7 million compared to $5.7 million a year ago. Net Debt was $32.8 million compared to $9.8 million a year ago. Net cash used in operating activates was $12,936,000 compared to $2,167,000 a year ago. Payments for the property, plant, and equipment was $3,240,000 compared to $890,000 a year ago.

For the year 2018, the company expects EBTDA (before significant items) of $40 million - $45 million (down from $50 million - $55 million). Net debt of $35 million - $40 million at June 2018 (vs. previous guidance of $30 million - $35 million).