Environmental Group Ltd. reported consolidated earnings results for the year ended June 30, 2016. For the year, the company reported revenue from continuing operations was AUD 25,726,811 against AUD 26,650,858 reported last year. Operating profit was AUD 272,757 against AUD 805,759 reported last year. Profit before tax was AUD 47,723 against AUD 536,665 reported last year. Loss for the year from continuing operations was AUD 12,601 or AUD 0.01 diluted per share against profit for the year from continuing operations AUD 346,257 or AUD 0.21 diluted per share reported last year. Loss for the year was AUD 13,984 or AUD 0.01 diluted per share against profit for the year AUD 333,919 or AUD 0.20 diluted per share reported last year. Net cash provided by operating activities was AUD 916,879 against AUD 743,000 reported last year. Purchases of plant and equipment were AUD 47,320 against AUD 22,585 reported last year.

The Directors cautiously expect that the fiscal 2017 should see an improvement in the profitability and improved stability within the EGL Group, particularly as the recent organisational changes settle down and the company continues to concentrate on its core business.