Faster Enterprises Limited announced audited earnings results for the year ended June 30, 2018. For the full year, the company reported revenues from ordinary activities of AUD 132,200 against AUD 1,045,500 a year ago. Loss from ordinary activities after tax attributable to members was AUD 748,627 against AUD 5,402 a year ago. Net loss attributable to members was AUD 748,627 against AUD 5,402 a year ago. The net loss was partly attributable to the full amount of the Deferred Tax Asset (DTA) on the balance sheet been written off, with the value in excess of half a million, on the basis that it was not probable that future taxable profits would be available to utilise the DTA. Revenues from ordinary activities were down significantly for this period due to the lack of sales from development assets, which for a small-sized company is by nature cyclical to the completion of multiyear property developments.