Pioneer Credit Limited announced financial results for the first half ended December 31, 2017. For the period, the company reported net revenue of AUD 36.82 million as compared to AUD 24.594 million a year ago. Profit before income tax was AUD 11.403 million as compared to AUD 5.988 million a year ago. Net profit after taxation for the period attributable to members was AUD 8.11 million as compared to AUD 4.203 million a year ago. Diluted earnings per share were 12.78 cents as compared to 8.29 cents a year ago. Net cash inflow from operating activities was AUD 22.146 million as compared to AUD 9.598 million a year ago. Payments for property, plant and equipment was AUD 135,000 as compared to AUD 56,000 a year ago. Payments for intangible assets were AUD 322,000 as compared to nil a year ago. Net tangible assets per fully paid ordinary share were 155.13 cents as on December 31, 2017 as compared to 131.35 cents as on December 31, 2016. EBITDA was AUD 24.27 million as compared to AUD 15.21 million a year ago. EBIT was AUD 12.8 million as compared to AUD 7.0 million a year ago.


Following the Company's strongest ever first-half, the company to increase fiscal year 2018 PDP investment guidance to AUD 80 million, which is under contract and secured, and to upgrade net profit after taxation guidance to at least AUD 17 million.