IVE Group Limited announced audited consolidated earnings statements for the year ended 30 June 2016. For the year, the company reported revenue of AUD 369,231,000 against AUD 307,703,000 a year ago. Results from operating activities were AUD 16,891,000 against AUD 5,065,000 a year ago. Profit before tax was AUD 14,179,000 against AUD 3,197,000 a year ago. Profit attributable to owners of the company was AUD 15,051,000 against AUD 1,460,000 a year ago. Basic and diluted earnings per share were AUD 0.18 against AUD 0.02 a year ago. Net cash from operating activities was AUD 20,575,000 against AUD 20,470,000 a year ago. Acquisition of property, plant and equipment and intangible assets was AUD 8,642,000 against AUD 6,061,000 a year ago. EBITDA was AUD 26.5 million against AUD 17.8 million a year ago. EBIT was AUD 16.9 million against AUD 5.1 million a year ago. NPATA was AUD 16.4 million against AUD 2.2 million a year ago. Pro forma revenue was AUD 382.0 million against AUD 337.4 million a year ago. EBITDA was AUD 42.8 million against AUD 30.9 million a year ago. EBIT was AUD 32.8 million against AUD 17.3 million a year ago. Profit before tax was AUD 30.6 million against AUD 15.2 million a year ago. NPAT was AUD 20.9 million against AUD 9.6 million a year ago. NPATA was AUD 22.5 million against AUD 10.9 million a year ago. Net debt was AUD 36.6 million against AUD 24.8 million a year ago.

The company continues to effectively execute its strategy to further diversify and grow the business. The underlying strength of value proposition to customers, combined with ongoing capital investment, the successful integration of recent acquisitions, and the continuation of a disciplined acquisition program positions well to grow revenue and EBITDA for fiscal 2017.