Wellcom Group Limited reported earnings results for the half year ended December 31, 2016. For the period, the company reported statutory revenue was AUD 73.93 million compared to AUD 80.33 million a year ago. EBITDA was AUD 9.84 million compared to AUD 9.39 million a year ago. EBIT was AUD 8.47 million compared to AUD 8.09 million a year ago. EBT was AUD 8.44 million compared to AUD 8.02 million a year ago. Profit after tax from continuing operations was AUD 5.70 million compared to AUD 5.39 million a year ago. Earnings per share from continuing operations of 14.53 cents compared 13.76 cents a year ago. The group generated AUD 2.66 million in cash from operating activities for the half-year ended December 31, 2016 compared AUD 5.20 million a year ago. Net revenue excluding print management and other pass through costs was AUD 49.68 million against AUD 52.11 million a year ago. Return on net assets as on December 31, 2016 was 17.34% against 16.28% as at December 31, 2015. Capital expenditure was AUD 0.81 million against AUD 2.21 million a year ago. Results from operating activities were AUD 9.96 million against AUD 9.50 million a year ago.

For the year 2017, the company expects moderate growth for the full the financial year, notwithstanding generally subdued market conditions. The business continues to pursue complementary acquisitions that would augment both geographic and production capabilities, and deliver increased shareholder returns over the longer term.