Mobile Embrace Limited announced consolidated earnings results for the full year ended June 30, 2017. For the year, the company reported EBITDA of AUD 5,394,573 compared to AUD 9,495,954 million a year ago. Revenue from continuing operations was AUD 52,555,202 compared to AUD 60,563,131 a year ago. Profit before income tax was AUD 820,901 compared to AUD 7,394,160 a year ago. Net profit for the year was AUD 1,595,677 or AUD 0.35 diluted earnings per share compared to AUD 4,916,116 or AUD 1.15 a year ago. Net cash provided by operating activities was AUD 2,548,096 compared to AUD 6,331,601 a year ago. Purchase of property, plant and equipment was AUD 3,260,481 compared to AUD 1,630,947 a year ago. Purchase of intangible assets was AUD 3,665,139 compared to AUD 3,325,800 a year ago.

Based on current operations the company believes that, off a lower revenue base, its EBITDA performance for fiscal 2018 will
be improved over fiscal 2017.