1、Annual ReportFor the year ended 30 June 20173P Learning Limited ABN 50 103 827 836 A message from the Chairman and CEOA message from the Chairman and CEO Dear Fellow Shareholders Last year we set three strategic priorities for 3P Learning Limited.These were to:strengthen the maths and literacy produ
2、ct portfolio develop a scalable sales and marketing platform globalise our operating model.We are pleased to report that our execution against these three priorities has delivered strong results in Financial Year 2017.We are on track to build the foundation for 3P Learning to deliver sustainable and
3、 accelerated growth in the balance of this year and into Financial Year 2019.Year in reviewYear in review Key Financial InformationKey Financial Information A$M(unless stated)A$M(unless stated)FY2017FY2017 FY2016FY2016 Variation%Variation%Revenue 52.5 49.3 6%Underlying Core EBITDA 16.0 13.3 20%Under
4、lying Net Profit after Tax 6.3 5.3 19%Statutory Net Profit after Tax(7.3)3.7(297%)Underlying Earnings Per Share(cents)(5.11)2.66(292%)Net Debt 6.2 7.2(14%)During the year,we met our commitment to you to grow our revenues faster than our cost base.Group Revenue grew by 6%,and on a constant currency b
5、asis was 11%higher than Financial Year 2016.Our APAC region(including our home market of Australia)increased revenue by 3%,EMEA grew by 3%and the Americas was 31%higher than the prior year.On a constant currency basis EMEA grew by 19%and the Americas by 33%.In all regions we saw improved EBITDA,lice
6、nce renewals,Average Revenue Per User(ARPU)and a reduction in the cost to acquire new users.The Americas region is now profitable.Encouragingly,we delivered a 20%increase in underlying core EBITDA while we simultaneously made positive movements in key areas to support our strategic priorities such a