LatAm Autos Limited announced consolidated earnings results for the half year ended June 30, 2018. For the half year, the company reported revenue from continuing operations was AUD 3,444,000, loss before income tax benefit from continuing operations of AUD 6,474,000, loss after income tax benefit from continuing operations of AUD 6,385,000 or 1.77 cents per diluted share and loss after income tax benefit for the half-year attributable to the owners of LatAm Autos Limited of AUD 6,454,000 or 1.79 cents per diluted share against revenue from continuing operations was AUD 2,705,000, loss before income tax benefit from continuing operations of AUD 6,057,000, loss after income tax benefit from continuing operations of AUD 5,951,000 or 1.92 cents per diluted share and loss after income tax benefit for the half-year attributable to the owners of LatAm Autos Limited of AUD 353,000 or 2.35 cents per diluted share a year ago. Net cash used in operating activities was AUD 3,131,000 against AUD 6,148,000 a year ago. Payments for plant and equipment were AUD 88,000 against AUD 14,000 a year ago. EBITDA amounted to AUD 4.2 million against AUD 4.8 million a year ago.

The company expects substantial continued growth in second half of 2018 from the revenue sources.