Half Year Financial Report – 30 Sep 2017

The Board of Enprise Group are pleased to report another excellent result for the 6 months to 30 September 2017 both from an operational and a strategic viewpoint. Net Profit $393,000 (2016 : 323,000) up 21.67% Cash $265,000 (2016 : 627,000) down 57.74% Interest bearing loan $431,000 (2016 : Nil) Revenue from continuing operations $4,787,000 (2016 : $4,336,000) up 10.40%, Australian revenue grew 17% and New Zealand grew 9%. Cash and existing debt facilities were used to fund the $1M cash component of the Kilimanjaro acquisition, with the balance funded with the issue of 1,560,000 new shares in Enprise Group. Following the recent acquisition of 47% of Kilimanjaro Consulting Pty Limited (Kilimanjaro), the largest Enprise equivalent MYOB partner in Australia, Enprise had 8,526,645 shares on issue at 30 September 2017. At the price we conducted the rights issue at ($1.39 per share) the market capitalisation of Enprise at 30 September 2017 was $11.85 million. It is the intent of the board to continue to invest in growth, either in the traditional MYOB channel or in businesses with similar characteristics to our existing activities. Elliot Cooper Chief Executive Officer End CA:00311225 For:ENS Type:INTERIM Time:2017-11-30 17:16:26