Simavita Limited reported consolidated earnings results for the year ended June 30, 2018. For the year, the company reported revenue of AUD 411,344 as compared to AUD 908,665 for the same period last year. Loss before income tax was AUD 4,942,295 as compared to AUD 7,752,516 for the same period last year. Loss for the year was AUD 4,942,295 as compared to AUD 7,752,516 for the same period last year. This decrease in the current year loss is principally attributable to a reduction in operating expenses to $5.74 million, a decrease of $2.53 million or 31% compared to the previous corresponding year and a reduction in the share-based payments expense ($0.96 million) incurred due to a reduction in the number of unlisted stock options that were granted during Fiscal Year 2018. Basic and diluted loss per share from continuing operations was AUD 0.02 cents as compared to AUD 0.03 cents for the same period last year. Net cash flows used in operating activities of AUD 4,061,777 as compared to AUD 6,247,185 for the same period last year. Purchases of plant and equipment was AUD 177 as compared to AUD 2,690 for the same period last year. Purchases of intangible assets was AUD 224.