1300SMILES Limited announced consolidated earnings results for the six months ended December 31, 2017. For the six months, the company announced revenue from continuing operations was $19,750,000 compared to $18,011,000 for the same period a year ago. Profit before income tax expense was $5,611,000 compared to $5,318,000 for the same period a year ago. Profit for the half-year was $3,938,000 compared to $3,785,000 for the same period a year ago. Earnings per share, basic and diluted were 16.63 cents compared to 15.98 cents for the same period a year ago. Net cash inflow from operating activities was $5,477,000 compared to $5,582,000 for the same period a year ago. Payments for property, plant and equipment was $1,050,000 compared to $301,000 for the same period a year ago. Payments for intangible assets were $282,000 compared to $305,000 for the same period a year ago. EBITDA was $6.7 million, up 5% a year ago.

For the fiscal year 2018, the company expects to see a clear path to profitable growth of the established sorts (organic growth, selective acquisition, and the Dental Care Plan) and it is also working hard on a number of new opportunities.