Bingo Industries Limited announced audited consolidated earnings results for the full year ended June 30, 2018. For the year, the company reported revenue of AUD 300,203,000 against AUD 208,777,000 a year ago. Profit before income tax was AUD 55,226,000 against AUD 28,762,000 a year ago. Profit for the year attributable to owners of the company was AUD 38,003,000 against AUD 19,834,000 a year ago. Basic and diluted earnings per share were AUD 0.10 against AUD 0.06 a year ago. Net cash flows from operating activities were AUD 69,600,000 against AUD 44,661,000 a year ago. Purchase of property, plant and equipment was AUD 122,967,000 against AUD 83,354,000 a year ago. Purchase of intangible assets was AUD 1,809,000. Pro forma EBITDA was AUD 93.7 million against AUD 64.1 million a year ago. Pro forma EBIT was AUD 71.8 million against AUD 50.5 million a year ago. Pro forma NPAT was AUD 45.6 million against AUD 32.0 million a year ago. Net debt of AUD 136.6 million. Capital expenditure was AUD 206 million. Return on capital employed of 20.1%. net revenue growth of 45%, and pro forma EBITDA growth of 46%, was driven by expanded operating footprint in New South Wales and Victoria and the ongoing strength of end-markets. This was achieved despite the prevailing cost headwinds outlined at the half and the expansion of the management team ahead of schedule to support growth objectives.


The company expects to report year-on-year pro forma EBITDA growth of the underlying business in the range of 15% to 20% in fiscal year 2019, prior to any impact of the acquisition of Dial A Dump Industries. Group EBITDA expect this will reduce slightly in financial year 2019, as the company continue to invest in the business The company expects to maintain long-term target of 30%. On a steady-state basis, I'd expect the underlining CapEx to -- requirements for the business be around AUD 35 million to AUD 40 million per annum.