CSG Limited reported earnings results for the half year ended December 31, 2017. For the period, the company reported revenue of AUD 117.2 million representing 3% decline prior corresponding period. Underlying EBITDA of AUD 4.6 million (after adding back non-recurring items of AUD 3.0 million and non-cash LTIP) representing 67% decline prior corresponding period. Underlying NPAT of AUD 1.4 million representing a 83% decline prior corresponding period. Reported NLAT of AUD 3.0 million, representing 136% decline prior corresponding period. EBITDA was AUD 1.5 million against AUD 11.6 million a year ago. Loss before income tax expense was AUD 3.634 million against profit before income tax expense of AUD 7.312 million a year ago. Loss after income tax expense was AUD 2.982 million against profit after income tax expense of AUD 8.325 million a year ago. Diluted loss per share was 0.9 cents against diluted earnings per share of 2.4 cents a year ago. Net cash provided by operating activities was AUD 3.103 million against AUD 2.324 million a year ago. Payment for intangibles was AUD 1.709 million against AUD 3.477 million a year ago. Payments for property, plant and equipment was AUD 0.352 million against AUD 0.148 million a year ago.

For the fiscal year 2018, the company expects revenue in the range of AUD 253 million to AUD 260 million. Underlying EBITDA in the range of AUD 18.5 million to AUD 21 million, after adding back non-recurring items and non-cash LTIP. Pre-tax underlying cash flow conversion of approximately 100% and capital expenditure in the range of AUD 5.0 million to AUD 6.0 million reflecting increased investment in platforms to accelerate technology growth.

For the second half of fiscal year 2018, the company expects revenue in the range of AUD 136 million to AUD 143 million. The underlying EBITDA guidance also assume AUD 0.5 million uplift from improvement to distribution operation.