Tassal Group Limited reported audited consolidated earnings results for the year ended June 30, 2017. For the year, the company reported revenue of AUD 444,927,000 compared to AUD 425,416,000 a year ago. Profit before income tax expense was AUD 85,556,000 compared to AUD 68,910,000 a year ago. Net profit for the period attributable to members of the Company was AUD 58,083,000 or 37.14 cents per share compared to AUD 48,493,000 or 32.78 cents per share a year ago. Statutory EBITDA was AUD 114,553,000 against AUD 97,294,000 a year ago. Net cash provided by operating activities was AUD 51,364,000 compared to AUD 50,223,000 a year ago. Payment for property, plant and equipment was AUD 49,059,000 compared to AUD 49,595,000 a year ago. Profit from operations was AUD 85,556,000 compared to AUD 68,910,000 a year ago. Net debt was AUD 66,825,000 compared to AUD 135,370,000 a year ago. Net tangible asset backing per ordinary security was AUD 2.54 compared to AUD 2.02 a year ago. Operational EBITDA was up 8.3% to AUD 88.97 million against AUD 82.18 million a year ago. EBIT was AUD 93.62 million against AUD 76.28 million a year ago.

The company expects to continue growing revenues and operational earnings for the year 2018.