The profit for the Group after providing for income tax amounted to $2,544,339 (30 June 2017: loss of $20,443,388).
The prior year loss was primarily due to a charge for the change in fair value of convertible redeemable preference shares, amounting to $18,547,790. EBITDA for the prior year excludes public company costs and LTI expenses which were incurred in FY 2018 (amounting to approximately $1.2m) and caused the decrease in EBITDA for the year ended 30 June 2018.
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