RedHill Education Limited announced consolidated earnings results for the half year ended 31 December 2017. For the period, the company reported revenue of AUD 25,949,000 against AUD 18,062,000 a year ago. Profit before income tax was AUD 1,868,000 against AUD 65,000 a year ago. Profit after income tax for the half-year attributable to the owners of the company was AUD 1,359,000 against AUD 54,000 a year ago. Diluted earnings per share were 4.36 cents against 0.18 cents a year ago. Net cash from operating activities was AUD 3,878,000 against AUD 1,237,000 a year ago. Payments for property, plant and equipment was AUD 375,000 against AUD 1,552,000 a year ago. Payments for intangibles were AUD 73,000 against AUD 217,000 a year ago. EBITDA was AUD 2,715,000 against AUD 646,000 a year ago.

The company expected continued growth in the second half of financial year 2018, and for full year of 2018 results to improve significantly against the previous corresponding year.