Gale Pacific Limited announced consolidated earnings results for the six months ended December 31, 2015. For the period, the company reported revenues of AUD 82,377,000 compared with AUD 67,434,000 for the same period a year ago. Profit before income tax benefit was AUD 3,547,000 compared with loss before income tax expanses of AUD 1,761,000 for the same period a year ago. Profit after income tax expense for the half-year attributable to the owners of company was AUD 3,180,000 compared to loss after income tax expense for the half-year attributable to the owners of company of AUD 647,000. Diluted earnings per share were 1.06 cents compared to loss of 0.22 cents a year ago. Net cash from operating activities was AUD 1,497,000 compared to net cash used in operating activities of AUD 9,048,000 a year ago. Payments for property, plant and equipment was AUD 1,093,000 compared to AUD 2,484,000 a year ago. Payments for intangibles were AUD 284,000 compared to AUD 307,000 a year ago. Underlying EBITDA was AUD 8.2 million compared to AUD 4.5 million a year ago. Underlying EBIT was AUD 4.5 million compared to AUD 1.6 million a year ago. Underlying profit before tax was AUD 3.5 million compared to AUD 0.7 million a year ago. Underlying profit after tax was AUD 3.2 million compared to AUD 1.1 million a year ago. Underlying earnings per share was 1.07 cents compared to 0.4 cents a year ago. Net debt was AUD 20.0 million compared to AUD 26.2 million a year ago.

The board is confident that the company's current momentum will be maintained and that its strategy is appropriate to deliver continued earnings growth. Based on current indications, it is anticipated that the second half results will be above the same period last year and that fiscal year 2016 profit before tax (PBT) will be in the range AUD 12 ­ to AUD 14 million, considerably ahead of PBT for the prior corresponding period of AUD 6.2 million (AUD 8.7 million underlying).