Delegat Group Limited reported audited consolidated earnings results for the year ended June 30, 2018. For the year, the company reported revenue of NZD 272,122,000 compared to NZD 252,713,000 a year ago. Profit before income tax was NZD 65,162,000 compared to NZD 57,144,000 a year ago. Profit for the Year attributable to shareholders of the parent company was NZD 46,836,000 or 46.31 cents per basic and diluted share compared to NZD 40,656,000 or 40.20 cents per basic and diluted share a year ago. Net cash inflows from operating activities were NZD 57,769,000 compared to NZD 59,219,000 a year ago. Cash was applied to purchase of property, plant and equipment was NZD 45,896,000 compared to NZD 40,545,000 a year ago. Cash was applied to purchase of intangible assets was NZD 451,000 compared to NZD 585,000 a year ago. A record operating NPAT of NZD 44.9 million was generated compared to NZD 38.5 million last year. Operating EBIT of NZD 74.5 million is NZD 7.2 million higher than last year. Operating revenue was NZD 272.1 million compared to NZD 251.3 million a year ago. Operating EBITDA was NZD 89.6 million compared to NZD 81.1 million a year ago. EBIT was NZD 77.1 million compared to NZD 70.3 million a year ago. EBITDA was NZD 92.2 million compared to NZD 84.1 million a year ago. The group's net debt at June 30, 2018 amounted to NZD 281.5 million, an increase of 1% compared to last year.

The group is well positioned to grow sales and achieve sustainable earnings growth in the years ahead. With respect to the 2019 year, the company plans to grow sales by 8% to 2,945,000
cases. Based on prevailing exchange rates, the group forecasts 2019 operating profit to grow in line with case sales growth. The company is projecting case sales outlook for the years 2019 to 2021. The group forecasts a 2020 case sales of 3,168,000 and 2021 case sales of 3,377,000.