Ambition Group Limited reported consolidated earnings results for the full year ended December 31, 2017. For the period, the company has posted revenue of AUD 101,871,000 against AUD 115,271,000 a year ago. Profit before tax was AUD 90,000 against AUD 207,000 a year ago. Profit for the year from continuing operations was AUD 27,000 compared to AUD 352,000 a year ago. Profit for the period attributable to owners of the parent was AUD 344,000 or 0.46 diluted cents per share against AUD 705,000 or 0.94 diluted cents per share a year ago. Net cash used in operating activities was AUD 36,000 against AUD 780,000 a year ago. Payment for property, plant and equipment was AUD 255,000 against AUD 254,000 a year ago. Payment for intangible assets was AUD 193,000 against AUD 283,000 a year ago. Net tangible asset backing per ordinary share at 31 December 2017 was AUD 0.17 per share compared to AUD 0.19 per share a year ago. Underlying EBITDA was AUD 939,000 compared to AUD 1,683,000 a year ago. EBITDA was AUD 834,000 against AUD 594,000 a year ago. Net fee income was AUD 19,820,000 compared to AUD 22,881,000 a year ago.

The company expects to bring revenue and profit growth in 2018 and beyond.