Ann: FY17 Full Year Results Announcement, page-3

yep love that - so just had to repeat it

OUTLOOK This section provides an update on the Company’s outlook and supersedes any and all previous forward-looking statements and forecasts provided by the Company in relation to the matters included in this section. The Directors are pleased with the substantial advances made during the year on the Company’s strategic agenda and the significant re-setting of its businesses that have been achieved. Revenue was increased by 58%, margins were improved by 33%, operating expenses were reduced by 25% and operating cash outflows were down 43% on the prior year. These strong performance improvements happened whilst simultaneously driving transformative changes across the entire business platform. As a result of the strategic and operational changes made during the business review conducted in 2016 and the ensuing strong 2017 financial year results described in this report, management and the board now have greater clarity and confidence that the Group will approach financial break even in the last quarter of calendar year 2018 with the expectation of being profitable for the full calendar year 2019.