Enzumo Limited announced audited earnings results for the year ended June 30, 2017. For the year, the company reported revenue from operating activities of AUD 7,574,565 against AUD 6,488,055 a year ago. Total revenue and other income was AUD 8,763,092 against AUD 6,578,129 a year ago. Net loss from ordinary activities before income tax was AUD 4,240,112 against AUD 2,350,292 a year ago. Net loss for the year attributable to members of the parent entity was AUD 4,252,165 against AUD 1,397,748 a year ago. Basic and diluted loss per share was 4.50 cents against 1.85 cents a year ago. Net cash from operating activities was AUD 787,368 against cash used in operating activities of AUD 1,601,747 a year ago. Purchase of property, plant and equipment was AUD 37,010 against AUD 47,061 a year ago. Purchase of intangible assets was AUD 3,074,530 against AUD 2,351,650 a year ago.

In the current 2018 financial year, Chant West is expected to operate at a similar level of profitability to fiscal year 2017. The company is expected to operate at a breakeven level following significant staff reductions and the discontinuation of the software development project. Corporate expenses are expected to be at a similar level. Overall, the Group is expected to operate profitably.