Inventis Limited reported unaudited consolidated earnings results for the half year ended December 31, 2017. For the period, the company reported revenue of AUD 3,688,857 against AUD 6,528,541 a year ago. Loss from operating activities was AUD 1,351,260 against profit of AUD 826,338 a year ago. Loss before income tax was AUD 1,661,575 against profit of AUD 446,165 a year ago. Loss for the period was AUD 1,661,575 against profit of AUD 446,165 a year ago. Diluted loss per share was 0.27 cents against diluted profit per share of 0.07 cents per share a year ago. Diluted loss per share from continuing operations was 0.27 cents against profit of per share of 0.07 cents a year ago. Net cash used in operating activities was AUD 1,268,184 against AUD 225,805 a year ago. Purchase of fixed assets was AUD 2,374 against AUD 11,962 a year ago. LBITDA from continuing operations was AUD 1,119,698 against EBITDA from continuing operations of AUD 962,141 a year ago.

For the year ending June 30, 2018, the company is expected to be profitable and thus reduce the overall loss for the year to be in the order of AUD 1.0 million.