Freedom Foods Group Limited reported audited consolidated and parent earnings results for the year ended June 30, 2018. For the year, on parent basis, loss after income tax was AUD 1,928,000 against profit of AUD 847,000 a year ago.

For the year, on consolidated basis, revenue was AUD 352,987,000 against AUD 262,481,000 a year ago. Profit before income tax expense was AUD 14,617,000 against AUD 9,348,000 a year ago. Profit for the year is attributable to owners of Freedom Foods Group Limited was AUD 12,715,000 against AUD 7,539,000 a year ago. Diluted earnings per share were 6.33 cents against 4.01 cents a year ago. Net cash from operating activities was AUD 24,376,000 against AUD 5,381,000 a year ago. Payments for property, plant and equipment was AUD 138,348,000 against AUD 138,506,000 a year ago. Underlying operating EBDITA rises 49.5% to AUD 39.2 million. Operating net profit increases 96.9% to AUD 19.4 million. EBDITA (Statutory) was AUD 31,501,000 against AUD 23,375,000 a year ago. Pre-tax profit (Operating) was AUD 22,297,000 against AUD 12,213,000 a year ago. Operating EPS was 9.25 cents against 6.51 cents a year ago.

As outlined in July 2018, based on the current portfolio, product range and new contracts with key customers coming on stream in the first half of fiscal 2019, the Group expects net sales revenue in fiscal 2019 to be in the range of AUD 500 million to AUD 530 million.