Aeeris HY Report; Moves to More Efficient and Effective Commercial Process

Aeeris Limited (ASX:AER) is pleased to present its financial results for the Half year ended 31^st December 2016, and accompanying Appendix 4D. The Company today announced EBITDA of $0.2 million for the six months to 31st December 2016 and a Maiden Net Profit After Tax of $78,477. The Company’s Net Assets at 31st December 2016 were $2.8 million (30th June 2016: $2.7 million).

KEY TAKEAWAYS:

• Total Revenue for H1FY17 of $1,155,767.
• EBITDA (Earnings Before Interest, Tax, Depreciation & Amortisation) of $203,432.
• Net Profit After Tax of $78,477.
• Basic earnings per share of 0.14 cents.

As previously reported, the Company was focused during the Reporting Period on a significant restructure of operations aimed at reducing operating costs and cash burn, and enhancing prices, sales activity and revenues.

This process was completed resulting in improved financial performance, and further financial progress is expected during the Second Half.

Commenting on the results, Aeeris Executive Chairman and CEO, Kerry Plowright said:

“We are pleased with our financial progress having re-set the way we do business, towards are far more efficient and effective commercial process.”

“We are currently laser-focused on immediate sales opportunities and growing revenues by driving new customers to our core products and services – All Alerts™, Situation Room™ and Safe@Work™. We have recently announced a number of new customers for these technologies and services, and we look forward to further announcements in due course”.

The Company continues to consider potential acquisition proposals.

To view the full ASX Results, please click here. 

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