Bellamy's Australia Limited reported unaudited consolidated earnings results for the half year ended December 31, 2017. For the period, the company reported revenue of AUD 174.910 million against AUD 118.297 million a year ago. EBITDA was AUD 34.855 million compared to AUD 10.427 million a year ago. EBIT was AUD 32.721 million against AUD 10.105 million a year ago. Profit before income tax expense was AUD 32.739 million against AUD 10.070 million a year ago. Net profit for the half year was AUD 22.406 million against AUD 7.236 million a year ago. Diluted earnings per share were 20.4 cents against 7.2 cents a year ago. Net cash inflow from operating activities was AUD 59.108 million against outflow of AUD 23.665 million a year ago. Purchases of property plant & equipment was AUD 0.806 million against AUD 0.238 million a year ago. Net assets per share were 162.5 cents compared to 86.8 cents a year ago. Net tangible assets per share were 131.6 cents compared to 84.8 cents a year ago. Total net profit attributable to owners of company was AUD 22,681,000 compared to AUD 7,236,000 a year ago.

For the company's core business, fiscal year 2018 revenue is expected to achieve between 30-35% growth on fiscal year 2017 revenue (fiscal year 2017: AUD 240 million). Fiscal year 2018 EBITDA is expected to be 20-23% of revenue. The financial performance of Camperdown is expected to improve on the first half of 2018 EBITDA loss of AUD 1.4 million and the company maintain outlook of a AUD 1-2 million EBITDA loss for the full fiscal year 2018 year.