Millennium Services Group Limited announced earnings results for the half year ended December 31, 2015. Revenue was AUD 24.6m from November 1 to December 31 including the ACS business from November 19. Operating EBITDA (before transaction costs and employee share issue expenses) was AUD 1.6 million. EBITDA loss was AUD 2.4 million (after transaction costs and employee share grant expenses of AUD 4.0 million). EBIT loss was AUD 2.7 million. NPAT loss was AUD 2.7 million.

The company provided earnings guidance for the period to 2016. The company will provide further guidance in respect to any amortisation charges for the period to June 30, 2016 as soon as the assessment is completed. The outlook for the company remains positive with the business awaiting the results of a number of large tender opportunities. The Board believes the statutory forecast operating EBITDA remains achievable.