Velpic Ltd. reported audited consolidated earnings results for the year ended June 30, 2018. For the year, the company reported revenues of AUD 1,989,745 compared to AUD 1,781,257 a year ago. Loss for the year before income tax was AUD 8,096,556 compared to AUD 3,727,375 a year ago. Loss for the year after income tax was AUD 8,096,556 compared to AUD 3,727,375 a year ago. Basic and diluted loss per share was 0.91 cents compared to 0.55 cents a year ago. Net cash used in operating activities was AUD 2,918,879 compared to AUD 3,551,833 a year ago. Payments for plant and equipment were AUD 410 compared to AUD 22,285 a year ago.