P2P Transport Limited announced consolidated earnings results for the half year ended December 31, 2017. For the period, the company reported revenue was AUD 13,244,000 compared to AUD 2,862,000 a year ago. Loss before finance costs, income tax, depreciation and amortization was AUD 10,834,000 compared to profit 756,000 a year ago. Loss before finance costs and income tax was AUD 12,187,000 compared to profit AUD 655,000 a year ago. Loss Profit before income tax was AUD 26,270,000 compared to profit AUD 635,000 a year ago. Loss for the period was AUD 25,934,000 compared to profit AUD 635,000 a year ago. Diluted loss per share was 0.66 cents. Net cash used in by operating activities was AUD 1,088,000 compared to Net cash provided by operating activities was AUD 54,000 a year ago. Payments for property, plant and equipment was AUD 3,760,000 compared to AUD 10,000 a year ago.

For the year 2018, the company expects EBITDA was AUD 12.7 million.