Simavita Limited reported earnings results for the year ended June 30, 2018. For the year, the company reported total comprehensive loss after tax of $4.94 million, a decrease of 36% on the prior corresponding period. Total revenues were $1.10 million a decrease of 41% on the prior corresponding period. Whilst revenues have decreased, expenses have decreased by a greater amount resulting in a reduction in the loss incurred by the company. Revenues are also impacted by the expected reduction in the R&D tax incentive for the 2018 financial year due to reduced R&D expenditure incurred.