Pegmont Mines Limited reported audited consolidated earnings results for the year ended December 31, 2017. For the year on consolidated and parent basis, the company has reported gross revenue from share trading of AUD 24,437 against AUD 77,984 a year ago. Net trading loss after provisions was AUD 13,710 against profit of AUD 17,044 a year ago. Profit before income tax was AUD 30,421 against loss of AUD 123,955 a year ago. Profit attributable to members of the company was AUD 30,421 or 0.001 basic per share against loss of AUD 123,955 or 0.002 basic per share a year ago. Net cash from operating activities was AUD 151,895 against net cash flow used in operating activities of AUD 53,379 a year ago. Exploration expenditure was AUD 80,873 against AUD 46,971 a year ago.

The company provided the earning guidance for the year 2018. For the year, the company expects total income of AUD 660,000, depreciation of AUD 40,000, net profit of AUD 150,000.