Pacific Energy Limited announced audited consolidated and parent earnings results for the year ended June 30, 2018. For the year, on consolidated basis, the company's revenue was AUD 68,077,000 against AUD 57,176,000 a year ago. Results from operating activities were AUD 12,465,000 against AUD 25,140,000 a year ago. Profit for the year was AUD 6,781,000 against AUD 16,601,000 a year ago. Basic earnings per share were 1.80 cents against 4.48 cents a year ago.

For the year, on parent basis, loss for the period was AUD 3,521,000 against profit of AUD 234,000 a year ago.

For 2019, the company expects revenues to surpass the AUD 100 million level.