Ann: Half Yearly Report and Accounts, page-2

Impressive result!

Revenues up 238% on same period last year!

This paragraph I thought explains things well too.

"The Group incurred additional employment expenditure as part of its strategy to establish and grow the operations of its engineering contractor subsidiary SIMPEC Pty Ltd (“SIMPEC”. SIMPEC is now in a steady state in terms of overhead structure and is looking to drive revenue to deliver cashflow positive operations for the Group.

Whilst net liabilities of the Group increased to $1,718,149 (30 June 2018: ($456,388)), cash reserves were up at $2,464,972
(30 June 2018: $1,711,826) and receipts from customers during the half-year were up strongly at $8,400,430 resulting in a net cashflow positive result from operating activities of $332,783. This compares very favourably with the prior corresponding period of 31 December 2017 where receipts were only $2,450,842.
The improved cashflows from operations figures are also an indicator that the underlying result is stronger than the after tax loss figure suggests.