Powerhouse Ventures Limited announced earnings results for the six months ended December 31, 2017. For the period, the company reported total loss and fair value changes of $913,169 against income of $3,360,987 a year ago. Loss before income tax was $4,347,090 against $1,692,962 a year ago. Loss after tax for the period was $4,347,090 or 15 cents per basic and diluted share against $334,617 or 2 cents per basic and diluted share a year ago. Net cash outflow from operating activities was $2,333,320 against $4,385,315 a year ago. Purchase of property plant and equipment was $3,435 against $1,050 a year ago. Total revenues (statutory) were negative value of $0.91 million compared to positive value of $3.36 million for the same period a year ago. Net loss after tax (underlying) was $1.89 million compared to profit of $0.08 million for the same period a year ago.

The company provided earnings guidance for the second half of fiscal 2018. The company expects to return to profitability in second half of fiscal 2018 with an uplift in portfolio value and resultant NTA per share.