Byte Power Group Limited reported audited consolidated and parent earnings results for the year ended June 30, 2018. For the year, on consolidated basis, the company's revenue from continuing activities was AUD 1,163,733 compared to AUD 4,059,137 a year ago. Loss before related income tax was AUD 10,447,585 compared to profit of AUD 697,053 a year ago. Total loss attributable to owners of the company was AUD 7,545,147 compared to profit of AUD 298,767 a year ago. Basic and diluted loss per share was 0.285 cents compared to earnings per share of 0.013 cents a year ago. Net cash used in operating activities was AUD 3,203,688 compared to AUD 161,522 a year ago. Payment for property, plant and equipment was AUD 388. Payment for intangible assets was AUD 64,434. LBITDA was AUD 5,339,781 compared to EBITDA of AUD 1,140,337 a year ago. LBIT was AUD 10,089,860 compared to EBIT of AUD 1,119,397 a year ago.

For the year, on parent basis, the company's net loss was AUD 1,596,827 compared to profit of AUD 826,563 a year ago.

The Board maintains a positive outlook for the new financial year.