Phoslock Environmental Technologies Limited reported consolidated and parent earnings results for the year ended June 30, 2018. For the year, the consolidated company's total revenue was up 385% to AUD 16,254,499 against AUD 4,227,307 a year ago. Operating profit (before option expense) was AUD 2.7 million improvement of AUD 4.3 million on previous year loss. Sales revenue was AUD 15,707,100 against AUD 3,825,406 a year ago. Operating profit was AUD 2,852,748 against loss of AUD 1,539,497 a year ago. Profit before income tax was AUD 913,579 against loss of AUD 3,387,396 a year ago. Profit for the year attributable to owners of parent entity was AUD 1,304 against loss of AUD 3,432,078 a year ago. Diluted earnings per share was nil against loss of 0.83 cents a year ago. Net cash used in operating activities was AUD 4,626,141 against AUD 2,957,360 a year ago. Purchase of property, plant and equipment was AUD 585,094 against AUD 1,040,323 a year ago. Purchase of intangible assets was AUD 77,977 a year ago. Net debt was AUD 489,978 against AUD 888,441 a year ago.

For the year, the parent company reported loss after income tax was AUD 2,728,388 against AUD 1,698,545 a year ago.

For the fiscal year 2019, revenue preliminary forecast of AUD 27 million to AUD 30 million, up 80%. Operating profit (before option expense) preliminary forecast is in the range of AUD 7 million to AUD 10 million, up 170%.