McMillan Shakespeare Ltd. announced audited consolidated and parent earnings results for the year ended June 30, 2018. For the year, the company announced revenues from continuing operations of AUD 545,404,000 compared to AUD 523,443,000 a year ago. Profit before income tax was AUD 84,931,000 compared to AUD 101,347,000 a year ago. Net profit attributable to owners of the company was AUD 50,303,000 compared to AUD 67,902,000 a year ago. Diluted earnings per share were 60.6 cents compared to 81.5 cents a year ago. Net cash from operating activities was AUD 117,660,000 compared to AUD 47,064,000 a year ago. Payments for plant and equipment were AUD 3,081,000 compared to AUD 1,353,000 a year ago. Payments for capitalised software were AUD 11,095,000 compared to AUD 6,888,000 a year ago. Underlying earnings per share were 113.2 cents compared to 104.8 cents a year ago. Return on equity was 25% against 24% a year ago. Underlying net profit after income tax was AUD 93,519,000 compared to AUD 87,167,000 a year ago.

For the year, on parent basis, revenue and other income was AUD 56,449,000 against AUD 54,220,000 a year ago. Profit before income tax was AUD 9,209,000 against AUD 31,155,000 a year ago. Profit is attributable to owners of the company was AUD 9,992,000 against AUD 32,031,000 a year ago. Net cash from operating activities was AUD 53,852,000 compared to AUD 51,337,000 a year ago.

The company expects to spend AUD 17 million Capex in 2019, AUD 2 million on hard assets, AUD 12 million on software and rolling out its IT strategy and a further AUD 3 million on the 2020 project.