XRF Scientific Limited reported audited consolidated earnings results for the year ended June 30, 2017. For the year, the company reported revenue from continuing operations of AUD 21,540,489 against AUD 21,132,846 a year ago. Profit before income tax was AUD 968,429 against AUD 2,373,420 a year ago. Profit after income tax from continuing operations attributable to equity holders of the company was AUD 793,851 against AUD 1,537,264 a year ago. Profit and total comprehensive income attributable to equity holders of the company was AUD 757,601 against AUD 1,508,099 a year ago. Basic and diluted earnings per share were 0.6 cents against 1.2 cents a year ago. Net cash inflow from operating activities was AUD 156,181 against AUD 425,064 a year ago. Payments for property, plant and equipment was AUD 1,841,573 against AUD 3,120,139 a year ago. Underlying Earnings were down 28% to AUD 2.2 million from AUD 3.0 million a year ago.

Whilst profits are down in the year 2017, it is expected that fiscal year 2018 will be significantly better, given the improving performance of its division in Germany and conditions in the mining sector.