npats

GCS reports solid full year 2015 result

GCS reports solid full year 2015 result

ASX Media Announcement

ASX MEDIA ANNOUNCEMENT

27 August 2015

GCS REPORTS SOLID FULL YEAR 2015 RESULT

Key Highlights

 Solid financial performance in a tough market

o Net profit after tax (NPAT) of $8.7m, up 7.1% on FY14

o Revenue $150.5m, down 6.0% on FY14

o Continued strong focus on capital management and further debt

reduction

o Strong activity levels and improved margins in Residential sector

o Lower cost base through operational efficiencies

o Reduced interest costs

 Diverse market sector presence and broad product offering underpinning the growth and ongoing development of the business despite the mining slowdown

 Momentum increasing in Commercial sector

 Executing on strategy to continue to build annuity revenue streams

 New major contracts and contract extension secured

Further to the above result, GCS maintains a strong cash position with cash on hand at the end of FY15 of $20.7m. The continued focus on strengthening the balance sheet has achieved a further $32.7m reduction in net debt, resulting in a net debt to equity ratio of 14% (FY14: 32%).
“FY15 has been a year of significant change and improvement for the business, having restructured its main operating divisions, implemented some material cost saving initiatives across the broader Group, coupled with the strategic placement to Brookfield Capital Partners and successfully completing the refinancing of its debt facilities”, said GCS Group Managing Director Mr. Enzo Gullotti.
OUTLOOK
GCS commences FY16 financial year with approximately 70% of our budgeted revenue already committed and started. This reinforces GCS’s strong market position and includes secured work on Capital Square ($46.2m) and New Perth Stadium ($30.0m), in addition to other annuity style project work including Inpex, Woodside and the recently announced Sino Iron Project for CITIC Pacific Mining.
“Tendering activity remains robust and we are pleased to see a number of new major contracts being awarded to the main contractors in the commercial sector. Activity levels in the residential sector are still at an all-time high, and we envisage this will continue throughout FY16. These will all have a positive flow on effect to our revenues and margins in FY16”, said GCS Group Managing Director Mr. Enzo Gullotti.
Our East coast JV SmartScaff has continued to grow throughout FY15 and this trend is expected to continue into FY16.
As part of our East coast expansion strategy we are currently assessing a number of opportunities on the back of strong demand in NSW for the products and services that the Group has to offer.

Page 1 of 2

ASX MEDIA ANNOUNCEMENT

27 August 2015

GCS REPORTS SOLID FULL YEAR 2015 RESULT

GCS is extremely well placed to continue to improve performance, take advantage of the significant pipeline of new projects, and to actively pursue growth and market consolidation opportunities in FY16 and beyond.
The Board will continue to monitor the business and market conditions and is targeting the reinstatement of dividends in FY2016.
-ENDS-

ABOUT GCS

The GCS Group is an Australian construction and maintenance services company that offers a diverse range of integrated products, services, and solutions covering the Infrastructure; Energy; Oil & Gas; Resource & Industrial; Commercial; and Residential sectors. The GCS Group’s strategy for growth is to continue to capitalise on opportunities in the sectors it currently services, explore new markets and products, diversify into related industry sectors, and acquire selected new businesses that create value for shareholders.
Further Information: Enzo Gullotti
Group Managing Director
Ph: +61 8 9479 7990
Or Visit: http://www.gcs-group.com.au

Page 2 of 2

Kordia reports profit of $9.2m

Kordia Group has reported a 2015 profit of $9.2m, beating its profit forecast by nearly 400 per cent.

The state-owned business telco has had a stellar year in both New Zealand and Australia, with both operations over-performing. The group’s EBITDA was $38m, a 193 per cent increase over the prior year.

In addition, Kordia has cut net debt nearly 80 per cent to $12.5m from $60.4m at the beginning of the financial year.

Kordia now has the strongest balance sheet in its history and is well positioned to deliver returns to the shareholder and invest for the future.

Kordia Group revenues for the year to 30 June 2015 totalled $248m, with an EBITDA of $38m (2014 $13m) delivering an NPAT for the year at $9.2m versus a target of $1.9m.

Kordia chair Lorraine Witten says the fact the 2015 results far exceed the business’ Statement of Corporate Intent is attributable to a range of factors.

“Throughout Australia and New Zealand the company’s performance has been outstanding. Kordia New Zealand, under the direction of CEO Scott Bartlett, grew its telco revenues by more than 30 per cent. Our media business has also had a buoyant year, with the addition of online streaming services and growth in FM radio. Our mission critical solutions strategy is driving growth and positioning the business well for the future.

"In Australia, Kordia Solutions, under the leadership of chief executive Ken Benson, secured several multi-year annuity-type revenues which means it starts this financial year with eight times the carryover of revenues compared to the year under review. The Australian business has also had to re-size to reduce its cost structures and maintain competitiveness,” Ms Witten says.

“The year’s focus there has been on securing profitable revenue growth while also keeping an eye towards the long-term strategic future of the business.

"The board and management have maintained focus on our strategy and have driven performance to deliver a result for this year and beyond.”

Dividend

Consistent with the Group FY15 statement of corporate intent, and in light of analogue television switch-off, no final dividend has been declared. Dividends have resumed for the FY16 financial year, and the Board anticipates being able to consider a special dividend in the near future

Summary

Kordia is well placed to reap the benefits of a strong result in the 2015 financial year. Kordia New Zealand continues to grow with strong revenues across its business telco portfolio and is well positioned as the country’s leading provider of mission critical networks.

Kordia Australia has locked in multi-year contracts with excellent carry-over revenue while there has been a focus on risk reduction, gross margin improvements and project delivery.

2016 has started well and the group is in a good position with the strongest balance sheet in Kordia’s history, strong leadership in place and a clear focus on strategy.

CTM Delivers Record Profit in All Regions, Upgrades Profit Guidance, Increases Dividend

DENVER, CO–(Marketwired - August 27, 2015) -

  • Revenue and other income $197.9m (up 79%)
  • Underlying EBITDA $49.1m* (up 70%)
  • Underlying NPAT $30.4m* (up 76%)
  • Statutory Earnings per share 27.9 cents per share (up 48%)

Fully diluted

  • Final Dividend Payable 10.0 cents fully franked (up 33%)

* Underlying EBITDA and NPAT is before one-off acquisition costs after tax of $1.3m

Corporate Travel Management (CTM) (CTD.AX) today reported a record full-year profit and dividend after a significant increase in top-line growth.

CTM reported revenues and other income increased 79% to $197.9m on Total Transaction Value of $2,656m (up 92%), driven by the integration of international acquisitions and organic growth in all markets.

CTM has upgraded full-year guidance to an Underlying NPAT in the range of $61.3m-$63.8m, an increase of 25-30%.

CTM Managing Director Jamie Pherous said the results demonstrated the company’s business model and strategic investment decisions were working.

“These results support the strategy we have taken to integration globally, adding value to our business by ensuring we focus on integrating technology and business culture,” Mr Pherous said.

“They reflect the efforts of our award-winning team to win and retain clients, including global businesses who have recognized our international capabilities.”

“We have continued to expand through increasing market share, with organic growth contributing to more than half of our top-line growth.”

In Australia and New Zealand, underlying EBITDA grew 19.5% to $25.7m on a 13.7% organic increase in TTV, underpinned by internal productivity gains.

In Asia, underlying EBITDA grew 200%, outperforming all market competitors with 39.4% organic growth.

The North American region delivered a 79.3% increase in EBITDA to $9.5m, supported by 17.3% organic growth.

European acquisition Chambers Travel Group’s contribution to the group is already delivering results, with a 13.2% increase in revenue to $17.2m.

The European expansion to CTM’s global network has delivered two globally significant clients in the past six months.

Mr Pherous said the global network was opening up new client opportunities while delivering the supplier and efficiency benefits of scale.

“We now have more than 100 clients with a presence in multiple countries who, along with other potential clients, are clearly telling us our ability to provide local expertise in all markets is incredibly important to them.”

“We are seeing the benefits of integrating outstanding businesses and people into the CTM group, providing a robust platform for servicing our clients and continued growth.”

“The key to our success is surpassing our clients’ expectations, so our focus will be on continual client-facing innovation and leveraging our scale and geography to deliver our clients a constant return on their investment.”

“Internally we will continue to make it easier and more efficient for our award-winning team to work, which ensures they maximize the time invested in servicing clients.”

“The structural changes we are making, to align all of our regions, are to ensure our staff are empowered, have client ownership and are able to make quick decisions.”

“We will continue to grow organically and make acquisitions where they are an appropriate strategic and cultural fit for CTM, and we have demonstrated we are able to successfully integrate such acquisitions while growing market share organically.”

The CTM Board has declared a final fully franked dividend of 10.0 cents per share to be paid on October 9, 2015.

Contact information

About CTM

CTM is an award-winning provider of innovative and cost-effective travel management solutions to the corporate market. Its proven business strategy combines personalized service-excellence with client-facing technology solutions to deliver a return-on-investment to clients.

Headquartered in Australia, the company employs over 1,800 FTE staff globally and operates out of 56 cities in 32 countries across the globe.

The following files are available for download:

Mantra Group Announces Results for Year Ended 30 June 2015

SYDNEY, Aug. 27, 2015 /PRNewswire/ –

HIGHLIGHTS

  • Total revenue of $498.8 million representing a 9.7% increase on FY2014
  • NPAT was $36.2 million, up $36.5m on FY2014
  • EBITDAI of $73.1 million up 19.2% on FY2014
  • NPATA of $38.9million, up $36.5m on FY2014
  • Basic EPS of 14.2 cents per share, compared to (0.3) cents per share for FY2014
  • Fully franked final dividend of 5 cents per share to be paid on 6 October 2015 bringing total dividend for the year to 10 cents per share
  • Strong pipeline of development opportunities
  • 11 hotels joined the network in FY2015

Mantra Group Limited (Mantra Group) (ASX code:MTR) today announced its results for the year ended 30 June 2015.

Mantra Group Chief Executive Officer Bob East said: “Following the listing of Mantra Group on the ASX in June 2014, FY2015 has proven to be another successful year in growth and development with a focus on portfolio growth in strategically aligned properties and destinations aimed at increasing shareholder value.  This has been endorsed by the addition of 11 new properties to the portfolio, a well supported capital raise of $56.7 million in March 2015 and an increase in Mantra Group’s share price by approximately 90%.”

“We are pleased to report that for the year ended 30 June 2015, the Group achieved earnings above that forecast in its prospectus for IPO and at the top end of the updated guidance range announced on 1 May 2015.  The Group delivered total revenue of $498.8 million representing a 9.7% increase on FY2014.  NPAT was $36.2 million, up $36.5m on FY2014 and EBITDAI of $73.1 million up 19.2% on FY2014.  This result reflects the strength of the performance of the business in FY2015 driven by acquisitions, strong performances in each of the operating segments as well as an ongoing Management focus on cost control and improved efficiencies in key areas of the business.    With total assets of $601.4 million, net assets of $337.4 million and a strong cash flow the Group is well placed to deliver continued shareholder value in FY2016.”

In line with the prospectus on IPO, in addition to the fully franked interim dividend of 5 cents per share, the Board is pleased to deliver a fully franked final dividend of 5 cents per share in respect of the year to 30 June 2015 bringing the total fully franked dividend for FY2015 to 10 cents per share.

The Group achieved year-on-year growth in each of its key operating segments.  Highlights include:

  • CBD delivered revenue of $272.3 million and EBITDAI of $47.3 million representing a year-on-year increase in revenue of 15.3% and 10.3% in EBITDAI.  Among other factors, new properties, increased occupancy and average room rates driven primarily by improved business sentiment as well as sporting and major entertainment events in key CBD destinations contributed to the above budget performance.
  • Resorts delivered revenue of $181.8 million and EBITDAI of $23.5 million representing increases on FY2014 of 2.5% and 4% respectively.  This sector benefitted from consistent leisure demand in all key regions assisted by an increase in the capacity of domestic low cost carriers into key leisure destinations. 
  • Central Revenue and Distribution (CRD) delivered revenue of $41.8 million and EBITDAI of $29.9 million representing increases on FY2014 of 13.3% and 18.2% respectively.   Fees from new properties under management in Brisbane, Sydney, Melbourne, Christchurch and Bali coupled with ongoing increases in central reservations driven by on-line booking volume, added to this performance.

Initiatives undertaken in FY2015 which contributed to the results included:

  • Ongoing strategic focus on pipeline development resulted in the acquisition of 11 new properties in key destinations.
  • The delivery of targeted refurbishment programs improved the quality of room inventory, service delivery and overall guest experience across each brand.
  • Increased RevPAR (revenue per available room) via targeted sales, marketing and distribution initiatives aimed at securing quality corporate contracts and implementing systems that efficiently and cost effectively manage average room rates across the Group.
  • Optimisation of distribution channels by capitalising on increasing trends towards online and central reservation channels.
  • Management’s focus on corporate cost control and economies of scale continued to drive cost efficiencies. 

Network Growth

The increased focus on growth and development aimed at increasing Mantra Group’s portfolio and room inventory in strategic aligned properties and locations continued to gain momentum in FY2015 with acquisitions of properties in each of its three complementary brands - Peppers, Mantra and BreakFree.   These acquisitions were key milestones in the development of Mantra Group in that it secured its first CBD hotel under the Peppers brand, opened its largest hotels in Melbourne in January 2015, added three properties to its Brisbane portfolio, one additional property in Sydney CBD, increased its portfolio in Tasmania by two properties, opened its second property in Bali and as part of the revitalisation of Christchurch opened a re-developed hotel in Christchurch CBD.

Strategy and FY2016 Outlook

In the first two months of FY2016, Mantra Group added five new properties to its portfolio.  Four of these properties acquired as part of the Outrigger acquisition are located in popular leisure destinations which significantly increase Mantra Group’s prominence in these locations.  BreakFree on Collins in Melbourne was acquired in July and the Soul, Surfers Paradise transition complemented the Peppers brand in another prime leisure destination. 

Other acquisitions, aligned with Mantra Group’s growth and development strategy, to commence operating in FY2016, include properties in Bali, Adelaide, Brisbane, Gold Coast, Melbourne and Perth.

In our commitment to drive growth and deliver shareholder value in FY2016, Mantra Group will continue to:

  • Focus on growing its portfolio in strategically aligned CBD and leisure destinations in Australia, New Zealand and Asia; 
  • Ensure Mantra Group is well positioned to optimise and capitalise on the forecast increase in the inbound tourism market primarily from China and other Asian countries;
  • Strategically explore opportunities and models which will enable Mantra Group to capitalise on diversified asset acquisition opportunities;
  • Deliver quality room inventory and service via ongoing targeted refurbishment and service delivery programs;
  • Optimise distribution channels as well as increase mobile capability, social media and website optimisation.

Mr East said: “In the year ahead Mantra Group is well positioned to capitalise on growth and development via asset and investment opportunities and take advantage of its strong development pipeline and forecast growth in Australia’s tourism sector aimed at increasing shareholder value.”

Mantra Group is a leading manager and marketer of hotels and resorts in Australia, New Zealand and Indonesia and operates three well-known and trusted brands – Peppers, Mantra and BreakFree. With 120+ properties and over 14,000 rooms under management, Mantra Group is the second largest accommodation operator in Australia. The Group is positioned to offer both leisure and business style accommodation ranging from full service city hotels and self-contained apartments to luxury resorts and retreats: http://ift.tt/1NC0LK1; www.peppers.com.au; www.mantra.com.au; www.breakfree.com.au

Click here for further information and supporting documentation

FURTHER IMAGES AVAILABLE ON REQUEST

Logo - http://ift.tt/1JkGnGW



Read this news on PR Newswire Asia Website: Mantra Group Announces Results for Year Ended 30 June 2015
Mantra Group Announces Results for Year Ended 30 June 2015

SYDNEY, Aug. 27, 2015 /PRNewswire/ –

HIGHLIGHTS

  • Total revenue of $498.8 million representing a 9.7% increase on FY2014
  • NPAT was $36.2 million, up $36.5m on FY2014
  • EBITDAI of $73.1 million up 19.2% on FY2014
  • NPATA of $38.9million, up $36.5m on FY2014
  • Basic EPS of 14.2 cents per share, compared to (0.3) cents per share for FY2014
  • Fully franked final dividend of 5 cents per share to be paid on 6 October 2015 bringing total dividend for the year to 10 cents per share
  • Strong pipeline of development opportunities
  • 11 hotels joined the network in FY2015

Mantra Group Limited (Mantra Group) (ASX code:MTR) today announced its results for the year ended 30 June 2015.

Mantra Group Chief Executive Officer Bob East said: “Following the listing of Mantra Group on the ASX in June 2014, FY2015 has proven to be another successful year in growth and development with a focus on portfolio growth in strategically aligned properties and destinations aimed at increasing shareholder value.  This has been endorsed by the addition of 11 new properties to the portfolio, a well supported capital raise of $56.7 million in March 2015 and an increase in Mantra Group’s share price by approximately 90%.”

“We are pleased to report that for the year ended 30 June 2015, the Group achieved earnings above that forecast in its prospectus for IPO and at the top end of the updated guidance range announced on 1 May 2015.  The Group delivered total revenue of $498.8 million representing a 9.7% increase on FY2014.  NPAT was $36.2 million, up $36.5m on FY2014 and EBITDAI of $73.1 million up 19.2% on FY2014.  This result reflects the strength of the performance of the business in FY2015 driven by acquisitions, strong performances in each of the operating segments as well as an ongoing Management focus on cost control and improved efficiencies in key areas of the business.    With total assets of $601.4 million, net assets of $337.4 million and a strong cash flow the Group is well placed to deliver continued shareholder value in FY2016.”

In line with the prospectus on IPO, in addition to the fully franked interim dividend of 5 cents per share, the Board is pleased to deliver a fully franked final dividend of 5 cents per share in respect of the year to 30 June 2015 bringing the total fully franked dividend for FY2015 to 10 cents per share.

The Group achieved year-on-year growth in each of its key operating segments.  Highlights include:

  • CBD delivered revenue of $272.3 million and EBITDAI of $47.3 million representing a year-on-year increase in revenue of 15.3% and 10.3% in EBITDAI.  Among other factors, new properties, increased occupancy and average room rates driven primarily by improved business sentiment as well as sporting and major entertainment events in key CBD destinations contributed to the above budget performance.
  • Resorts delivered revenue of $181.8 million and EBITDAI of $23.5 million representing increases on FY2014 of 2.5% and 4% respectively.  This sector benefitted from consistent leisure demand in all key regions assisted by an increase in the capacity of domestic low cost carriers into key leisure destinations. 
  • Central Revenue and Distribution (CRD) delivered revenue of $41.8 million and EBITDAI of $29.9 million representing increases on FY2014 of 13.3% and 18.2% respectively.   Fees from new properties under management in Brisbane, Sydney, Melbourne, Christchurch and Bali coupled with ongoing increases in central reservations driven by on-line booking volume, added to this performance.

Initiatives undertaken in FY2015 which contributed to the results included:

  • Ongoing strategic focus on pipeline development resulted in the acquisition of 11 new properties in key destinations.
  • The delivery of targeted refurbishment programs improved the quality of room inventory, service delivery and overall guest experience across each brand.
  • Increased RevPAR (revenue per available room) via targeted sales, marketing and distribution initiatives aimed at securing quality corporate contracts and implementing systems that efficiently and cost effectively manage average room rates across the Group.
  • Optimisation of distribution channels by capitalising on increasing trends towards online and central reservation channels.
  • Management’s focus on corporate cost control and economies of scale continued to drive cost efficiencies. 

Network Growth

The increased focus on growth and development aimed at increasing Mantra Group’s portfolio and room inventory in strategic aligned properties and locations continued to gain momentum in FY2015 with acquisitions of properties in each of its three complementary brands - Peppers, Mantra and BreakFree.   These acquisitions were key milestones in the development of Mantra Group in that it secured its first CBD hotel under the Peppers brand, opened its largest hotels in Melbourne in January 2015, added three properties to its Brisbane portfolio, one additional property in Sydney CBD, increased its portfolio in Tasmania by two properties, opened its second property in Bali and as part of the revitalisation of Christchurch opened a re-developed hotel in Christchurch CBD.

Strategy and FY2016 Outlook

In the first two months of FY2016, Mantra Group added five new properties to its portfolio.  Four of these properties acquired as part of the Outrigger acquisition are located in popular leisure destinations which significantly increase Mantra Group’s prominence in these locations.  BreakFree on Collins in Melbourne was acquired in July and the Soul, Surfers Paradise transition complemented the Peppers brand in another prime leisure destination. 

Other acquisitions, aligned with Mantra Group’s growth and development strategy, to commence operating in FY2016, include properties in Bali, Adelaide, Brisbane, Gold Coast, Melbourne and Perth.

In our commitment to drive growth and deliver shareholder value in FY2016, Mantra Group will continue to:

  • Focus on growing its portfolio in strategically aligned CBD and leisure destinations in Australia, New Zealand and Asia; 
  • Ensure Mantra Group is well positioned to optimise and capitalise on the forecast increase in the inbound tourism market primarily from China and other Asian countries;
  • Strategically explore opportunities and models which will enable Mantra Group to capitalise on diversified asset acquisition opportunities;
  • Deliver quality room inventory and service via ongoing targeted refurbishment and service delivery programs;
  • Optimise distribution channels as well as increase mobile capability, social media and website optimisation.

Mr East said: “In the year ahead Mantra Group is well positioned to capitalise on growth and development via asset and investment opportunities and take advantage of its strong development pipeline and forecast growth in Australia’s tourism sector aimed at increasing shareholder value.”

Mantra Group is a leading manager and marketer of hotels and resorts in Australia, New Zealand and Indonesia and operates three well-known and trusted brands – Peppers, Mantra and BreakFree. With 120+ properties and over 14,000 rooms under management, Mantra Group is the second largest accommodation operator in Australia. The Group is positioned to offer both leisure and business style accommodation ranging from full service city hotels and self-contained apartments to luxury resorts and retreats: http://ift.tt/1NC0LK1; www.peppers.com.au; www.mantra.com.au; www.breakfree.com.au

Click here for further information and supporting documentation

FURTHER IMAGES AVAILABLE ON REQUEST

Logo - http://ift.tt/1JkGnGW



Read this news on PR Newswire Asia website: Mantra Group Announces Results for Year Ended 30 June 2015
Mantra Group Announces Results for Year Ended 30 June 2015

SYDNEY, Aug. 27, 2015 /PRNewswire/ –

HIGHLIGHTS

  • Total revenue of $498.8 million representing a 9.7% increase on FY2014
  • NPAT was $36.2 million, up $36.5m on FY2014
  • EBITDAI of $73.1 million up 19.2% on FY2014
  • NPATA of $38.9million, up $36.5m on FY2014
  • Basic EPS of 14.2 cents per share, compared to (0.3) cents per share for FY2014
  • Fully franked final dividend of 5 cents per share to be paid on 6 October 2015 bringing total dividend for the year to 10 cents per share
  • Strong pipeline of development opportunities
  • 11 hotels joined the network in FY2015

Mantra Group Limited (Mantra Group) (ASX code:MTR) today announced its results for the year ended 30 June 2015.

Mantra Group Chief Executive Officer Bob East said: “Following the listing of Mantra Group on the ASX in June 2014, FY2015 has proven to be another successful year in growth and development with a focus on portfolio growth in strategically aligned properties and destinations aimed at increasing shareholder value.  This has been endorsed by the addition of 11 new properties to the portfolio, a well supported capital raise of $56.7 million in March 2015 and an increase in Mantra Group’s share price by approximately 90%.”

“We are pleased to report that for the year ended 30 June 2015, the Group achieved earnings above that forecast in its prospectus for IPO and at the top end of the updated guidance range announced on 1 May 2015.  The Group delivered total revenue of $498.8 million representing a 9.7% increase on FY2014.  NPAT was $36.2 million, up $36.5m on FY2014 and EBITDAI of $73.1 million up 19.2% on FY2014.  This result reflects the strength of the performance of the business in FY2015 driven by acquisitions, strong performances in each of the operating segments as well as an ongoing Management focus on cost control and improved efficiencies in key areas of the business.    With total assets of $601.4 million, net assets of $337.4 million and a strong cash flow the Group is well placed to deliver continued shareholder value in FY2016.”

In line with the prospectus on IPO, in addition to the fully franked interim dividend of 5 cents per share, the Board is pleased to deliver a fully franked final dividend of 5 cents per share in respect of the year to 30 June 2015 bringing the total fully franked dividend for FY2015 to 10 cents per share.

The Group achieved year-on-year growth in each of its key operating segments.  Highlights include:

  • CBD delivered revenue of $272.3 million and EBITDAI of $47.3 million representing a year-on-year increase in revenue of 15.3% and 10.3% in EBITDAI.  Among other factors, new properties, increased occupancy and average room rates driven primarily by improved business sentiment as well as sporting and major entertainment events in key CBD destinations contributed to the above budget performance.
  • Resorts delivered revenue of $181.8 million and EBITDAI of $23.5 million representing increases on FY2014 of 2.5% and 4% respectively.  This sector benefitted from consistent leisure demand in all key regions assisted by an increase in the capacity of domestic low cost carriers into key leisure destinations. 
  • Central Revenue and Distribution (CRD) delivered revenue of $41.8 million and EBITDAI of $29.9 million representing increases on FY2014 of 13.3% and 18.2% respectively.   Fees from new properties under management in Brisbane, Sydney, Melbourne, Christchurch and Bali coupled with ongoing increases in central reservations driven by on-line booking volume, added to this performance.

Initiatives undertaken in FY2015 which contributed to the results included:

  • Ongoing strategic focus on pipeline development resulted in the acquisition of 11 new properties in key destinations.
  • The delivery of targeted refurbishment programs improved the quality of room inventory, service delivery and overall guest experience across each brand.
  • Increased RevPAR (revenue per available room) via targeted sales, marketing and distribution initiatives aimed at securing quality corporate contracts and implementing systems that efficiently and cost effectively manage average room rates across the Group.
  • Optimisation of distribution channels by capitalising on increasing trends towards online and central reservation channels.
  • Management’s focus on corporate cost control and economies of scale continued to drive cost efficiencies. 

Network Growth

The increased focus on growth and development aimed at increasing Mantra Group’s portfolio and room inventory in strategic aligned properties and locations continued to gain momentum in FY2015 with acquisitions of properties in each of its three complementary brands - Peppers, Mantra and BreakFree.   These acquisitions were key milestones in the development of Mantra Group in that it secured its first CBD hotel under the Peppers brand, opened its largest hotels in Melbourne in January 2015, added three properties to its Brisbane portfolio, one additional property in Sydney CBD, increased its portfolio in Tasmania by two properties, opened its second property in Bali and as part of the revitalisation of Christchurch opened a re-developed hotel in Christchurch CBD.

Strategy and FY2016 Outlook

In the first two months of FY2016, Mantra Group added five new properties to its portfolio.  Four of these properties acquired as part of the Outrigger acquisition are located in popular leisure destinations which significantly increase Mantra Group’s prominence in these locations.  BreakFree on Collins in Melbourne was acquired in July and the Soul, Surfers Paradise transition complemented the Peppers brand in another prime leisure destination. 

Other acquisitions, aligned with Mantra Group’s growth and development strategy, to commence operating in FY2016, include properties in Bali, Adelaide, Brisbane, Gold Coast, Melbourne and Perth.

In our commitment to drive growth and deliver shareholder value in FY2016, Mantra Group will continue to:

  • Focus on growing its portfolio in strategically aligned CBD and leisure destinations in Australia, New Zealand and Asia; 
  • Ensure Mantra Group is well positioned to optimise and capitalise on the forecast increase in the inbound tourism market primarily from China and other Asian countries;
  • Strategically explore opportunities and models which will enable Mantra Group to capitalise on diversified asset acquisition opportunities;
  • Deliver quality room inventory and service via ongoing targeted refurbishment and service delivery programs;
  • Optimise distribution channels as well as increase mobile capability, social media and website optimisation.

Mr East said: “In the year ahead Mantra Group is well positioned to capitalise on growth and development via asset and investment opportunities and take advantage of its strong development pipeline and forecast growth in Australia’s tourism sector aimed at increasing shareholder value.”

Mantra Group is a leading manager and marketer of hotels and resorts in Australia, New Zealand and Indonesia and operates three well-known and trusted brands – Peppers, Mantra and BreakFree. With 120+ properties and over 14,000 rooms under management, Mantra Group is the second largest accommodation operator in Australia. The Group is positioned to offer both leisure and business style accommodation ranging from full service city hotels and self-contained apartments to luxury resorts and retreats: www.mantragroup.com.au; www.peppers.com.au; www.mantra.com.au; www.breakfree.com.au

Click here for further information and supporting documentation

FURTHER IMAGES AVAILABLE ON REQUEST

Logo - http://photos.prnasia.com/prnh/20150827/8521505563LOGO

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Full Year Results to 30 June 2015

Full Year Results to 30 June 2015

41234 AE CORPORATE LETTERHEAD


31 August 2015

Australian Ethical Reports Solid Full Year Results 32% increase in FUM, steady increase in revenue Financial highlights (all comparisons to year ended 30 June 2014):

 Net profit after tax (NPAT) of $1.970 million (down 23%)

 Underlying profit after tax 1 (UPAT) of $2.454 million (down 21%)

 Revenues of $21.2 million (up 6%)

 Total expenses of $19.2m (up 11%)

 Final ordinary dividend of 120 cents per share, fully franked

Operating highlights:

 Group funds under management of $1.167bn (up 32%)

 Net inflows of $179m (up from $92m, an increase of 96%)

 Superannuation membership at 21,196 members (up 20%)

 Top quartile investment performance for a number of our funds

Australian Ethical Investments (ASX: AEF) today announced its financial results for the year ended 30 June
2015, reporting net profit after tax (NPAT) of $1.970 million.
The 23% decrease on the previous corresponding period is due to three main factors: a reduction in fees at the beginning of the financial year on its superannuation fund as part of an ongoing fee reduction strategy, issues arising from the transition to a new remuneration structure, and a further impairment on the Company’s property in Canberra.
Revenue increased 6% to $21.2 million, up from $20 million recorded for the previous corresponding period.
Funds under management increased 32% to $1.167 billion, up from $887 million in the previous year. FUM
growth has been driven by a combination of new inflows and asset management performance.
Net inflows almost doubled to $179 million for the year, up 96% on last year’s net inflows of $92 million. The progressive reduction of superannuation fees over the medium term continues to have a significant
impact on revenues. These fee reductions have contributed to the increased net inflows and offset the impact of the fee reduction. This will lead to a better, long term, sustainable business with far greater impact.
Other contributors to growth have been the increased demand for ethical investing, investment performance, innovative product design and improvements to the online application and consolidation processes.
“This has been a year of significant growth and success for us,” said Australian Ethical Managing Director
Phil Vernon.

1

Refer reconciling table in the Shareholder Newsletter.

Media enquiries: Rebecca Piercy, Honner: 0422 916 422 or 02 8248 3700

Shareholder enquiries: Tom May, Company Secretary: 02 8276 6253, tmay@australianethical.com.au

www.australianethical.com.au | Australian Ethical Investment Ltd ABN 47 003 188 930 AFSL 229949


“Our investment performance has been strong, net inflows are virtually double the previous year and our client numbers have grown dramatically.
"More and more people are making ethical choices in their daily consumer purchases and we are seeing this flow on to their investment and savings decisions.
"We are also seeing the results of a period of operational review and renewal in recent years. The changes we made to the senior leadership team, remuneration structure, competitiveness of our products and business strategy continue to play out, and are reflected in our growth,” Mr Vernon added.
“We are pleased to maintain our dividend during this transitionary period”.
The company retains a strong balance sheet with cash reserves of $12.2 million and no debt.

Final dividend:

Directors have declared a fully franked final dividend of $1.20 per share for the full year ended 30 June
2015, bringing the total dividend for the year to $2.00 per share (2014: $2.00 per share). The record date for the dividend will be 16 September 2015 with payment due on 30 September 2015.

Outlook:

“The market for ethical investment continues to grow as investors and consumers come to the realisation that they can invest ethically while achieving strong and consistent returns.
"As investors become more frustrated with the lack of political action on climate change, they are looking for opportunities to use the power of their investments to drive positive change in the economy.
"Australian Ethical’s unique approach to investing aligns ethical values to investment decisions and this is a key point of difference for us.
"In addition to our continued focus on implementing strategic initiatives to increase our competiveness, including reducing our superannuation fees and our operating expenses over the coming year, we expect to see another strong year of growth ahead,” Mr Vernon said.

About Australian Ethical

Australian Ethical is Australia’s leading ethical wealth manager. Since 1986, Australian Ethical has provided investors with wealth management products that align with their values and deliver strong returns. Investments are guided by the Australian Ethical Charter which both shapes its ethical approach, and underpins the Company’s culture and vision.
Australian Ethical has approximately $1.2 billion in funds under management, across superannuation and managed funds.
Visit: www.australianethical.com.au Media inquiries: Rebecca Piercy, Honner: 0422 916 422

Media enquiries: Rebecca Piercy, Honner: 0422 916 422 or 02 8248 3700

Shareholder enquiries: Tom May, Company Secretary: 02 8276 6253, tmay@australianethical.com.au

www.australianethical.com.au | Australian Ethical Investment Ltd ABN 47 003 188 930 AFSL 229949

NZ Post Group 'making solid progress'

Two years into its five-year reset strategy, the New Zealand Post Group has delivered a solid result and laid important foundations for the future.

Reported net profit after tax (NPAT) for the year was $143 million, 34% ($36 million) higher than the last financial year. Underlying profit after tax was $128 million, just over 3% ($4 million) higher than last financial year.

Revenue was $1,643 million, down 0.5%. An unchanged dividend of $5 million was returned to the Government.

Chief Executive Brian Roche said overall the result was pleasing given market conditions. Also encouraging was the significant operational change achieved in 2014/2015. These were important steps in the Group’s transformation to a modern parcels, mail and financial services company.

Kiwibank performed well and contributed the vast majority of profits, off the back of net interest margin growth, Mr Roche said. The bank’s strongest result yet rewarded years of investment by its parent company, the New Zealand Post Group, with its first ever dividend in FY15.

The sale of Australian-based courier company Couriers Please for AUD$A95 million during the year contributed an excellent return on the Group’s investment, reporting a gain on sale of $46 million.

International parcel volume grew strongly in FY 2015, while domestic parcel volume also increased but not as much as we need it to, Mr Roche said. Volume growth will be a key focus again this year.

However, the ongoing decline in the core letters business, a softening global and domestic economy and strong competition in all its markets mean New Zealand Post will have to move faster again this year to maintain positive momentum.

“We still have some way to go to put our mail and logistics business on a sustainable footing. Letter volumes declined by 10% last year and are expected to keep falling by at least that amount annually. Falling letter volumes is a reality worldwide.

"This means we remain in a period of substantial and ongoing change. We will have to keep innovating and driving further reduction in operational and support costs so that we can do more than hold our own, and transform ourselves in the eyes of our customers.”

Organisational change in FY15 included: realigning courier and postal parts of the business to become more sharply focused on the customer, reducing costs and duplication and investing to significantly improve processes and capabilities. Significant progress was also made on the development of digital solutions in areas including e-commerce.

The most significant structural changes completed were the move to alternate day delivery of standard mail in 30 cities and towns - with few compulsory redundancies and no drop in delivery standards - and the completion of a two-year process to centralise mail processing centres, from 55 centres down to three.

Other highlights for the year:

Kiwibank accelerated the shift of postal and banking services from Group-owned stores to locally-owned businesses.

Piloted new eco vehicles in New Plymouth to integrate parcels and letters delivery.

Signed agreements for three new 737-400 aircraft to support express parcel growth opportunities.

Successfully supported communications for the 2014 General Election, the Northland Byelection and bank interest rate change notifications.

Reached nearly 150,000 YouShop online shoppers.

Successfully piloted NZ Post’s Connect digital platform for students to complete StudyLink applications online rather than physically.

Mr Roche said these were critical achievements towards making the Group’s businesses more agile and customer focused, and maintaining a fast pace of change this year is both necessary and critical.

“While the steps we have taken were well signalled and have been carefully implemented, we recognise they represent change for some of our staff, customers and stakeholders - who are vital to our ongoing success. We will continue to work hard to bring people with us as we transform the business,” Mr Roche said.

Key results

FY 2015 $m / FY 2014 $m

Revenue / 1,643 / 1,661

Expenditure / 1,483 / 1,505

Operating EBIT / 198 / 187

NPAT / 143 / 107

Operating NPAT / 128 / 124

Vocus Communications Limited shares lift on surging earnings

Vocus Communications Limited (VOC.AX) reported its full year results this morning for its eventful 2015 financial year. During the year, the company fought an intense, but ultimately successful battle to acquire Amcom Communications despite the best efforts of rival TPG Telecom Ltd (TPM.AX) to block the deal. Let’s take a look at the results. For the full year ended 30 June 2015 and compared to the prior year, Vocus reported that:

  • Revenue surged 62% to $149.8 million
  • Underlying earnings before interest, tax, depreciation & amortisation (EBITDA) jumped 56% to $51.6 million
  • Operating cash flow grew 39% to $42.6 million
  • Underlying net profit after tax (NPAT) increased 34% to $18.1 million
  • Diluted underlying earnings per (EPS) share limped ahead 6% to 17 cents per share.
The disappointing 6% increase in EPS following a 62% rise in revenue is the result of the 27% increase in shares outstanding during the year. A reason why shareholders need to keep an eye on capital raisings and how they impact EPS. Vocus reports four main business divisions which all delivered good growth compared to FY14:
  • Fibre and Ethernet revenuejumped 129% to $64.5 million and is now the biggest revenue source for the business
  • Voice revenue surged 67% to $12.3 million. Division revenue declined each year after FY12 and after several years of increased investment the results are starting to show.
  • Data Centre revenue grew 43% to $26.6 million. An additional two data centres were added to the portfolio and the Amcom deal will add another seven in Perth.
  • Internet revenue increased by 17% to $43.9 million following internet volume growth of 111% over the past 18 months, which was offset by a 40% decline in pricing power (which perhaps highlights the current degree of competition within the sector).
Vocus-Amcom combined The Vocus - Amcom deal was finalised after FY15 and, therefore, didn’t impact these financial results in a major way. However, Vocus provided indicative pro-forma statements of the combined entity’s financials if they were merged for the entire year: The combined business would have delivered revenue growth of 20% to $314.7 million, a 26% increase in underlying EBITDA to $100.3 million and underlying NPAT would have increased 11% to $40.9 million. What about Amcom? Originally a Western Australian business, Amcom is heavily reliant on the WA economy and the downturn in resources has affected its operating results - which in turn will impact Vocus in the future. Amcom shareholders may have gotten the better end of this deal! Amcom reported (unaudited figures) that FY15 sales revenue declined 3% to $165.7 million, net profit declined 2% to $22.8 million, but underlying EBITDA bucked the trend and grew by 4% compared to FY14. Foolish takeaway Amcom’s growth has hit reverse over in the west which will likely affect the combined entity. The long-term benefits and synergies may be worth the price but Vocus shareholders should brace themselves for lower growth during the first year of the combined entity. Vocus has been a standout stock for me over the past three years returning around 200% before dividends. Are you looking for another idea that could provide market-thumping returns? Check out the free report below: Hot off the presses! The Motley Fool’s top stock for 2015 is a sexy ASX tech company with a stunning track record and plenty of room to run. Discover our analysts’ hands-down favourite bet for 2015 in this brand-new FREE report. Simply click here to grab your copy.
Metals Prices Headed Lower, Buy Rio?

Citigroup lowered its outlook for metals prices Wednesday, but remains bullish on mining giant Rio Tinto (RIO.) Citi Analysts have a target price of $42.36 on the U.S.-traded shares of Rio, and a buy rating. The stock was down 1% to a recent $33.90. Analysts Heath R. Jansen, Jatinder Goel, Harsh Bardia and Amit Lahoti write: “Citi’s commodities team has downgraded base metal price forecasts for 2015-2019 driving a 15% downgrade to 2016 estimated NPAT [net profit after taxes], 13% to 2017E and 9% to 2018E. We now forecast copper prices of $2.88 per pound in 2016, aluminium of 74 cents per pound, iron ore at $40 per ton and aluminum of 68 cents. … At spot commodity prices, all else being equal, 2016 NPAT would be almost 30% higher at $5.2 billion, with the key upside coming from iron ore. The commodity downgrades have reduced our NPV to $48.32, but there is further risk given our long-term commodity prices are considerably higher than spot, particularly for aluminium. At spot prices in perpetuity NPV would be $28.87, although the share price is fast approaching this level in the global commodity/stock market rout.” Macquarie upgraded Rio shares from Neutral to Outperform in early August, citing Rio Tinto’s first quarter results. While results were better than expected, profit in the first-half this year fell 43% to $2.9 billion. Citi upgraded Rio and BHP Billiton (BHP) to Buy in July (see “BHP, Rio Upgrade Cites Miners’ Juicy Yield.” In recent trading, BHP was up 0.8%, while shares of Vale (VALE) were down 0.7% and Freeport McMoRan (FCX) stock had tumbled 4.4%.

Compumedics Limited (ASX:CMP) Full Year Results - Growing Revenues and Profits

Melbourne, Australia, Aug 26, 2015 - (ABN Newswire) - Leading Australia-based medical device company, Compumedics Limited (ASX:CMP.AX - News), is pleased to announce revenue and earnings growth for the year ending 30 June 2015. Comparable shipped and invoiced sales were $33.5m compared to $30.8m in the previous year. Importantly, the Company grew profitability to $2.0m compared to $0.9m in FY2014 and increased profitability at EBITDA, generating a $4.1m profit compared to $3.0m in the previous year. The Company took new orders in the year of $33.8m, a 19% increase over the previous year, resulting in $5.5m of sales orders on hand at 30 June 2015.

The Company should continue to reduce its carry forward sales orders given the improved financial performance of the business.

The following table (view in link below) highlights the key financial performance measures on this basis.

- NPAT doubles to $2.0m compared to $0.9m for the year ended 30 June 2014. EBITDA increased to $4.1m compared to $3.0m for the year ending 30 June 2014.

- Revenues shipped and invoiced increased 9% to $33.5m, compared to $30.8m for the previous year

- Sales order growth was driven out of the US at 16%, Asia (including China) at 110%, Australia at 6%, and Europe at 19%, with DWL also growing sales orders taken by 10%

- $5.5m sales orders on-hand, due to late rush of new sales orders received by 30 June 2015. Sales orders taken in FY2015 were $33.8m or 19% higher than sales orders taken in FY2014

- Cash on hand improved substantially to $2.2m at 30 June 2015 compared to $1.1m at 30 June 2014 whilst debt levels were stable during the period, at about $2.0m

Investor Overview

- Core business: now highly profitable and continues to grow with the full benefits of the earnings initiatives undertaken in recent years continuing to flow through

- New product platform roll out to significantly expand addressable market

- Growth in international sales with expansion plans in the US, Germany and China

- eHealth: Pushing ahead with the commercialisation of cloud based sleep diagnostics platform

- DWL expansion opportunity with newly granted breakthrough auto-scan TCD patent

- Neuroscan foray into much larger brain analysis imaging market

- Spin offs/strategic decisions to unlock significant value for shareholders continue to be pursued

- FY16 guidance: Sales $36m-$38m, EBITDA $4.5m-$5.5m, NPAT $2.8m-$3.2m

Highlights and Achievements for Compumedics for the year ended 30 June, 2015:

- EBITDA was $4.1m compared to $3.0m in the prior year, as a result of on-going efficiency gains in manufacturing, growth in revenues and improved shipping in the year ended 30 June 2015

- Shipped and invoiced sales were 9% higher at $33.5m compared to $30.8m for the previous year

- Cash on hand improved substantially to $2.2m at 30 June 2015 compared to $1.1m at 30 June 2014 whilst debt levels were stable during the period, at about $2.0m

- $5.5m sales orders on-hand, due to late rush of new sales orders received by 30 June 2015. Sales orders taken in FY2015 were $33.8m or 19% higher than sales orders taken in FY2014

Core Diagnostic Medical-Device Business Separated from Medical Innovation Business

Compumedics is pleased to report to the market, both aggregated and disaggregated financial performance, which is attributable to its core diagnostic medical-device business and its investment in technologies and products being developed in its medical innovation business. The Company believes the disaggregated information provides the investment community with a clearer and more transparent picture of these two distinct activities currently being undertaken within the Company.

The Company’s core diagnostic medical-device business encompasses the technology and products currently sold globally for the diagnosis and/or monitoring of sleep disorders and neurological disorders, and for the monitoring of blood flow through the brain. It also includes products and technology used in advanced brain function research.

The Company’s medical innovation business primarily includes technologies and products for the treatment of sleep disorders and less developed technologies for driver fatigue monitoring and depth of anaesthesia monitoring.

Highlights and Achievements for the “diagnostic” medical-device businesses for the year ended 30 June 2015:

- EBITDA was $4.1m compared to $3.0m in the prior year, as a result of on-going efficiency gains in manufacturing, growth in revenues and improved shipping in the year ended 30 June 2015

- Shipped and invoiced sales were 9% higher at $33.5m compared to $30.8m for the previous year

- Cash on hand improved substantially to $2.2m at 30 June 2015 compared to $1.1m at 30 June 2014 whilst debt levels were stable during the period, at about $2.0m

- $5.5m sales orders on-hand, due to late rush of new sales orders received by 30 June 2015. Sales orders taken in FY2015 were $33.8m or 19% higher than sales orders taken in FY2014

Highlights and Achievements for the medical innovation business for the year ended 30 June 2015:

- The Company has continued to progress the development and production of its sleeptreatment product and anticipated moving to delivering against several agreements

- The Company continues to progress a number of other technology opportunities currently residing within the Medical Innovation Division, including the eHealth technology and will make further announcements when appropriate

Key Growth Opportunities

The Company is focused on a number of initiatives to underpin both current and future growth, these include:

New product platform roll out to significantly expand addressable market. The Company is soon to release a new range of amplifiers for both its sleep and neurological diagnostic and monitoring businesses. This new range will incorporate price competitive models enabling the Company to compete profitably thereby significantly expanding the Company’s addressable market.

Growth in international sales with expansion plans in the US, Germany and China markets. The Company will continue to expand its US sales team in order to grow market share in both sleep and neurological diagnostic and monitoring markets. In Germany the Company will pursue sales resources for both sleep and neurological diagnostic and monitoring markets there. Finally the Company will continue to build on its long-term relationships in China to grow the Company’s businesses in the region.

eHealth: Pushing ahead with the commercialisation of cloud based sleep diagnostics platform. Compumedics continues to pursue several initiatives with its eHealth technologies and will up-date the market as key milestones are met.

DWL. Expansion opportunities with the newly granted break-though auto-scan TCD patent to be pursued. The Company will continue to develop its technologies around the 3D Transcranial Colour Doppler (3D TCCD)/Duplex imaging, whilst refining the best way to fully exploit this commercial opportunity.

Neuroscan foray into much larger brain analysis imaging market. Compumedics is discussing with selected parties certain commercial opportunities utilizing Neuroscan technology in imaging markets.

Spin offs/strategic decisions to unlock significant value for shareholders continue to be pursued. The Company will continue to consider all relevant formats for unlocking the opportunities noted above.

Financial Outlook

Compumedics expects the identified key growth opportunities to deliver an increase in revenues and earnings in the current financial year.

As a result, the Company expects revenues to increase into a range of $36.0m to $38.0m. On the basis these revenues are achieved EBITDA should increase to a range of $4.5m to $5.5m and NPAT to a range of $2.8m to $3.2m.

This guidance is based on the general economic environment in Australia and the Company’s other key offshore markets being the US, China, France and Germany remaining broadly as they are at the timing of the release of these results.

To view release including tables, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-CMP-428485.pdf


About Compumedics Limited:

Compumedics Limited (ASX:CMP.AX - News) is a medical device company involved in the development, manufacture and commercialisation of diagnostics technology for the sleep, brain and ultrasonic blood-flow monitoring applications. The Company owns US based Neuroscan and Germany based DWL Elektronishe GmbH. In conjunction with these two subsidiaries, Compumedics has a broad international reach, including Americas; Australia and Asia Pacific; and Europe and the Middle East.

Executive Chairman, Dr David Burton, founded Compumedics in 1987. In the same year the Company successfully designed and installed the first Australian, fully computerised Sleep Clinic at Epworth Hospital in Melbourne. Following this early success, Compumedics focused on the development of products that sold into the growing international sleep clinic and home monitoring markets. Compumedics listed on the Australian Securities Exchange in 2000. Over the years, Compumedics has received numerous awards and accolades including Australia’s exporter of the year and has been recognised as a Top 100 Innovator by both German and Australian Governments.

Contact:

 
Dr David Burton
Executive Chairman, CEO
Compumedics Limited
T: +61-3-8420-7300
F: +61-3-8420-7399

Mr David Lawson
Executive Director, CFO
Compumedics Limited
T: +61-3-8420-7300
F: +61-3-8420-7399
WWW: www.compumedics.com 

Source:

Compumedics Limited

Copyright © 2015 ABN Newswire. All rights reserved.

Revenue Report for Year Ended 30 June 2015

Revenue Report for Year Ended 30 June 2015

Microsoft Word - MLA Preliminary Full Year Results FY2015 MLA records revenue of $14.8 million for FY15 (up 25%) with net loss after tax of $216,879 HIGHLIGHTS

· Revenue of $14.8 million up by 25% on previous year, with Human Healthcare revenue up 15%

· Company records net loss after tax of $216,879 versus profit of $105,241 for FY14

· Human Healthcare NPAT of $1.31 million

· MLA pursues divestment or dilution via capital raising for Animal Healthcare business

· Company focuses on growth of Human Healthcare division to increase profitability

Sydney, 31 August 2015: Human and animal healthcare company Medical Australia Limited (“MLA”, the “Company”) has today released its financial results for the year ended 30 June 2015, reporting a statutory net loss after tax of $216,879 for the period compared to a profit of $105,241 for financial year 2014.

Revenue for the year increased by 25% to $14.8 million (2014: $11.9 million), which was partially due to a full year’s revenue combination from the Animal Healthcare division (versus 7 months in 2014). However, MLA is greatly encouraged that the majority of the Company’s revenue growth was delivered by the Human Healthcare division, which enjoyed a year on year increase of 15%.
The Human Healthcare division’s significant revenue growth during FY2015 has been achieved through solid sales contributions from both the Tuta Direct and Tuta OEM divisions, while revenue from the Clements devices division recorded year on year revenue growth of 16%.

The Company expanded its human healthcare sales team during the year, and has secured a number of sales and supply contracts in the public and private healthcare sectors, while also assessing opportunities to expand its geographic footprint both in Australia and overseas. The Company’s new product program has contributed significantly to revenue growth and will provide a platform for future growth.
A highlight during the year was the successful completion of a Non-Renounceable Rights Issue, which raised just over $2 million in capital for the Company. As initially communicated to shareholders (ASX 10 October 2015), these funds were deployed towards pursuing strategic opportunities, funding the growth of MLA’s animal stem cell business and strengthening working capital.
As communicated to shareholders on 23 June 2015, the Company has taken the decision to divest or dilute, via a capital raising in the U.S., its 60.5% interest in MediVet Biologics LLC, its U.S. based animal healthcare business. The Board believes that the progress which has been made with MediVet over the last eighteen months since the acquisition will be a good platform for the future of the business as it continues to penetrate the U.S. & other global markets. The Board is particularly encouraged by the R&D programs that support the existing product base as well as those that are focussed on expansion into allogeneic products and also in the area of canine cancer therapies. The Directors do not believe the Company has either the financial resources nor people resources to fully pursue the potential of both the Human Healthcare business and Animal Healthcare business opportunities that have been presented.
MLA’s Chief Executive Officer, Mr Darryl Ellis, commented: “While the small statutory loss that we incurred for financial year
2015 is somewhat disappointing, we are greatly encouraged by the strong growth in sales and revenue that is being achieved
by the Human Healthcare division, hence this is our major focus going forward in order to increase profitability.”

ABN: 30 096 048 912

Unit 4B, 128-130 Frances St, Lidcombe, NSW, 2141, Australia

PO BOX 445, Lidcombe, NSW, 2141

T +612 9466 5300 F +612 9922 7165 www.medaust.com


“While we still see much potential for the MediVet business, we consider that the ongoing investment of capital and human resources required to maximise this potential would be better directed towards our core Human Healthcare business."Accordingly, we continue to assess any opportunities to either divest or dilute through a capital raising, our interest in MediVet, but will only proceed with any such transaction on the basis of obtaining maximum value for shareholders.”
“The Company has entered financial year 2016 with a solid balance sheet and well placed to further grow and develop. We continue to explore any acquisitions and joint ventures that would be accretive and have synergies with our existing business, and I look forward to updating shareholders on our progress in this regard in the months to come.”

- ENDS -

For more information contact: Darryl Ellis Chief Executive Officer Medical Australia Ph: +61 2 9466 5300 Media please contact: Adam Jarvis, Six Degrees Investor Relations: +61 424 297 736

ABOUT MEDICAL AUSTRALIA LIMITED

Medical Australia Limited (ASX: MLA) is a human and animal healthcare company engaged in the manufacture, distribution and sale of a

broad range of medical and veterinary devices used by healthcare facilities, critical care services and veterinarians in global markets. The

Company is a leader in Intravenous (IV) Medication Delivery Systems, Surgical Irrigation, Suction and Oxygen Therapy, Safety Sharps

Collection and Reuse Prevention and specialised Diagnostic and Laboratory Equipment. Our products are used in three broad areas of

healthcare, Human Health; Biological Collection, Processing and Laboratory; and Animal Health. Through the acquisition of MediVet Pty

Ltd Medical Australia now has proprietary ownership of technology for regenerative medicine including stem cell therapy for domestic animals and the equine industry. Medical Australia’s animal health business is now represented in major countries and regions such as Canada, USA, Great Britain, Continental Europe, Australia and the Asia Pacific Region, including a 60.5% interest in MediVet America LLC.

ABN: 30 096 048 912

Unit 4B, 128-130 Frances St, Lidcombe, NSW, 2141, Australia

PO BOX 445, Lidcombe, NSW, 2141

T +612 9466 5300 F +612 9922 7165 www.medaust.com

Scales Corporation NPAT up 59%

Scales Corporation Limited (NZX:SCL) today reported a net profit after tax of $33.2 million from continuing operations for the half year ended 30 June 2015 (1H15), up 59 per cent on the previous half year ended 30 June 2014 (1H14).

Key highlights include:

- NPAT up 59 per cent and EBITDA up 47 per cent compared to 1H14.

- Apple export volumes up 14.6 per cent compared to FY14, and up 16.1 per cent compared to FY15 forecast.

- Storage & Logistics division increases EBITDA by $2.7 million from 1H14.

- All divisions currently trading ahead of 1H14.

Managing Director Andy Borland says “the result reflects strong performance across all divisions and particularly the vertically integrated Mr Apple business, which exceeded expectations across its operations from orchards, packhouses, coolstorage and export marketing”.

“The Storage & Logistics division has benefitted from improvements in utilisation. The large Auckland Coldstore project is nearing completion, and together with a new coldstore lease in Christchurch will see an overall increase in storage capacity of 17.4 per cent from the fourth quarter of this year. Scales Logistics and Balance Cargo have contributed improved profitability and assisted Mr Apple and Meateor in securing improved shipping rates. Our bulk liquid storage business, Liqueo, is set to benefit from new contracted business.

"The Food Ingredients division is handling increased year on year volumes in both the petfood and juice concentrate activities.

"These results reflect a considerable effort from the entire Scales team which continues to demonstrate that we deliver world-leading products and services every day. We reiterate guidance that our full year result is likely to produce an EBITDA that is 25 to 35 per cent above our FY15 prospectus forecast of $41.2 million.

"Looking ahead, Scales is well positioned to benefit from expected increases in annual apple crops, improving FX rates, increased coldstorage space, and improving utilisation and efficiency in our bulk liquid storage business.”

Scales dividend policy is for interim and final dividends to be split approximately evenly and paid in January and July. Directors will consider payment of an interim dividend later in the calendar year.

Should you buy Vision Eye Institute Ltd shares today?

Vision Eye Institute Ltd (VEI.AX) has reported its results for the year ended 30 June 2015, revealing a 2.1% increase in revenue and a 22.6% increase in underlying net profit after tax (NPAT). The group’s revenue rose to $112.9 million, while its underlying NPAT lifted to $14.5 million, although the reported profit actually fell 8.9% compared to the prior year. This was impacted by a $2.5 million goodwill write-down (related to Gold Coast clinics which have recently been sold) and a $1.9 million insurance claim that benefited the group’s overall earnings in the 2014 financial year (FY14). Despite the results, the share price barely budged with the stock ending the day at $1.07. This is because of an all-cash takeover offer recently launched by the Shanghai-listed Jangho Group. Jangho, which recently purchased a 19.99% stake in the business from Primary Health Care Limited (PRY.AX), offered to pay $1.10 in cash per share for each of the shares it doesn’t already own, exceeding the 88 cent per share bid previously lodged by Pulse Health Limited (PHG.AX). While the deal is no certainty to go ahead, Vision Eye’s Board of directors unanimously recommended that shareholders accept the offer in the absence of any superior proposals. Unfortunately for investors, the board has also established that a payment of a special dividend in conjunction with the takeover offer was not feasible. With Vision Eye’s shares trading within 3 cents of Jangho’s bid-price, investors may be better off looking for superior investment opportunities elsewhere. Thanks to the market’s recent crash, ASX stocks haven’t looked this appealing in years… Small caps can mean big returns Two of Australia’s most promising small companies are still flying under the radar. Discover these two exciting ASX investments in our brand-new special FREE report, “2 Small Cap Superstars”. Click here now, it’s free!

Western Areas Reports Increased Full Year Profits and Dividends

PERTH, AUSTRALIA–(Marketwired - Aug. 20, 2015) -

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE U.S.

Western Areas Ltd (WSA.AX) (“Western Areas” or the “Company”) is pleased to announce a strong financial result for the year ended 30 June 2015 (FY15), with increased profitability and shareholder dividends.

Net Profit after Tax (NPAT) was A$35.0m for FY15, representing an increase of 37.5% or A$9.6m over the prior year (FY14). This is an exceptional result despite the challenging nickel price environment where the Company’s realised nickel price fell 4% or A$0.33/lb compared to the previous year. 

Operating cashflow for the year was A$148.5m, up A$31.4m on FY14 demonstrating the significant inroads made with operational cost savings and a reduction in interest expense from the repayment of convertible bonds at the beginning of FY15. Net cash increased A$60.0m to A$70.4m at 30 June 2015, putting the Company’s balance sheet in its strongest ever position.

A fully franked 4 cent per share final dividend has been declared, which brings total fully franked dividends for the year to 7 cents (FY14:5 cents), meeting the Company’s commitment to increase dividends responsibly. The payout ratio for FY15 is 46.6% of NPAT and the directors believe this strikes the right balance in recognising a strong FY15, whilst also balancing the current nickel price environment and investment for growth into FY16.

Highlights:

  • Sales revenue of A$312.7m (A$320.1m)
  • Reported NPAT of A$35.0m (A$25.5m)
  • Operating cashflow of A$148.5m (A$117.0m)
  • Operating cashflow (after all capital expenditure) of A$76.7m (A$63.7m)
  • Net cash of A$70.4m (A$10.3m)
  • Unit cash costs of nickel in concentrate A$2.31/lb (A$2.50/lb)

 (Comparisons in brackets refer to FY14)

Western Areas Managing Director, Dan Lougher welcomed the considerable improvement in earnings for FY15 and the increased dividend payment.

“This year has been extremely successful on a number of fronts for Western Areas with profit improving year on year, an LTI rate of zero, guidance fully delivered, significantly reduced cost base, repayment of debt, increased cashflow and ultimately a lift in shareholder dividends,” said Mr Lougher.

“Our reported NPAT of A$35.0m is up 37.5% on FY14 despite a lower realised nickel price, which significantly impacted our revenue and potential NPAT. Western Areas has experienced these nickel swings before, and with the nickel price base being set low for FY16, any nickel price increase from the spot price today would result in a positive impact to NPAT as in previous years.”

“Whilst analyst and consensus pricing for nickel is seen to be increasing in FY16 and beyond, shareholders should take comfort in the underlying business operating efficiently and the Company remains profitable into the new financial year." 

"The Company’s cashflow performance was exceptional for FY15, with operating cashflow of A$148.5m driven by a reduction in absolute operating costs and a reduction in interest costs following the repayment of convertible bond debt in July 2014. It is this cashflow which has our balance sheet in the strongest position ever, having gone debt free in July 2015.”

“Off the back of profitable operations and strong cashflow, the Board is pleased to meet its objective of increasing dividend returns to shareholders by announcing an increase in the final dividend to 4 cents per share, fully franked. This brings our payout ratio to slightly below 50%, and total dividends for the year to 7 cents, up 40% over FY14. Including payment of the final dividend, the Company has now paid out cumulative dividends of A$107.4m.”

“We are of the firm belief that the consistent production outcomes and the delivery of these results are not achievable without safe operations. To this end, the Board would like to acknowledge the operational team whose safety reporting metrics continue to improve, with a highlight being ZERO lost time injuries for the year.”

“We look forward to FY16 as we grow the business and drive further efficiencies within the Company. We will settle the acquisition of the Cosmos Nickel Complex and commence exploration, undertake the Mill Recovery Enhancement Project, increase our overall investment in exploration and look to reap the benefits when the anticipated nickel price rise occurs,” said Mr Lougher.

Nickel Price Impact and Quotational Pricing Adjustments

Nickel price volatility during delivery periods can lead to a material impact on the Company’s revenue and in turn NPAT. This volatility is typically reflected through quotational pricing (QP) adjustments which impact revenue recognition on nickel sales. In this regard, the average spot nickel price received on sales for any given month is ultimately determined by a future price, being between one and three months following delivery. The nickel price trended downwards throughout FY15 and beyond year-end, accordingly QP adjustments resonated through a reduced realised nickel price compared to FY14. The realised nickel price fall from A$8.11/lb in the first half of FY15 to A$7.63/lb in the second half has resulted in a negative QP adjustment to revenue of A$10.7m in the second half. Together with the $17.0m revenue impact as reported in the first half, total QP adjustments for FY15 were negative A$27.7m Conversely, a rising nickel price will see positive impacts to QP, revenue and NPAT as was the case in FY14 where a positive movement of A$26.7m on revenue was recorded. A steady nickel price rise in FY16 would see positive QP adjustments. 

FY16 Guidance

Consistent with past practice to coincide with the reporting of full year results, the Company is pleased to provide its guidance for FY16 as follows: 

In formulating FY16 guidance, the Company has maintained an aggressive approach to cost management with the range being A$2.30/lb to A$2.50/lb, which compares favourably to FY14 original guidance of A$2.70/lb to A$2.80/lb. This also allows for some subtle shifts in costs from capital to operating as we reduce the sustaining capital requirements and move to paste fill at Flying Fox.

This year, capital expenditure has been broken down in greater detail as the Company invests in growth capital projects such as the Mill Enhancement and Cosmos exploration and study work.

Sustaining capital reduces in FY16, mainly at Flying Fox as the mine has completed the bulk of its capital development. In this regard, the next five years will see sustaining capital at Flying Fox and Spotted Quoll continue to fall. For example, included in the sustaining capital in FY16 is the Spotted Quoll return airway ventilation build, which is a one-off cost of A$6.7m.

The Company also maintains flexibility to reduce its discretionary capital and exploration spend. As an example, should it be required, mine development can be curtailed given that development at both mines is close to two years ahead of mining reserves. The Company successfully curtailed mine development at Flying Fox during FY14 for around six months when the AUD was trading at parity and above to the USD.

Mine and mill production guidance is broadly consistent with FY15. The Company has the flexibility to increase production. However, given the short term nickel price, the optimal mining rate to maximise margin has been incorporated into our FY16 plans.

FORWARD LOOKING STATEMENT:

This release contains certain forward-looking statements including nickel production targets. Often, but not always, forward looking statements can generally be identified by the use of forward looking words such as “may”, “will”, “expect”, “intend”, “plan”, “estimate”, “anticipate”, “continue”, and “guidance”, or other similar words and may include, without limitation, statements regarding plans, strategies and objectives of management, anticipated production and expected costs. 

Examples of forward looking statements used in this report include: "shareholders should take comfort in the underlying business operating efficiently and the Company remains profitable into the new financial year" and “We will settle the acquisition of the Cosmos Nickel Complex and commence exploration, undertake the Mill Recovery Enhancement Project, increase our overall investment in exploration and look to reap the benefits when the anticipated nickel price rise occurs”“ and "A steady nickel price rise in FY16 would see positive QP adjustments”.

These forward-looking statements are subject to a variety of risks and uncertainties beyond the Company’s ability to control or predict which could cause actual events or results to differ materially from those anticipated in such forward-looking statements.

This announcement does not include reference to all available information on the Company and should not be used in isolation as a basis to invest in Western Areas. Any potential investors should refer to Western Area’s other public releases and statutory reports and consult their professional advisers before considering investing in the Company.

For Purposes of Clause 3.4 (e) in Canadian instrument 43-101, the Company warrants that Mineral Resources which are not Mineral Reserves do not have demonstrated economic viability.

My Net Fone Limited (ASX:MNF) Delivers a Record Full Year Result - EBITDA up 35%

Sydney, Australia, Aug 25, 2015 - (ABN Newswire) - The Board of Australian telecommunications provider My Net Fone Limited (ASX:MNF.AX - News) is very pleased to report a record profit result for the full year ended 30 June 2015.

Earnings before interest, tax, depreciation and amortisation (EBITDA) rose to $12.2 million, with net profit after tax (NPAT) rising to $7.2 million. This represents increases of 35% and 24% respectively, when compared with the company’s performance during the previous financial year. The EBITDA result is 9% over the original FY15 forecast.

The total Dividend for the full year has increased by 28% to 5.75 cents per share fully franked, with the company now declaring a record final dividend of 3.25 cents per share for the 2nd half. The full year dividend represents 50% of the FY15 EPS.

The board notes that all result parameters are ahead of the company’s most recent forecast update.

“It is particularly pleasing to note that our profit growth was largely attributable to organic growth within the MNF business. Whilst TNZI generated profit during the first few months that we owned it, that was largely offset by acquisition costs and non-recurring integration expenses,” said My Net Fone CEO, Mr Rene Sugo. “The company is at a very exciting point in its journey, delivering yet another strong result on the back of robust organic growth, and enormous potential in the global TNZI voice business.” added Sugo.

The strong financial result included in link below.

Our Significant and Key Acquisition - TNZI:

This result includes a 3-month performance contribution from the recently acquired multinational voice business - Telecom New Zealand International (TNZI). All acquisition costs have been accounted for and our integration program is on track, with finance, engineering, marketing and sales functions all being integrated into our group operations. Network integration is well underway with mutual traffic collaboration already achieved between the global and domestic networks.

The network expansion program at TNZI has commenced, facilitated by funds the company recently raised. We have already invested in expanding our capacity in the UK, Hong Kong and Singapore, with those projects set for completion during the next quarter, after which we will progress on to expanding capability in other territories.

With a discerning and conservative approach, the Board of My Net Fone will continue to actively search for and examine further acquisition opportunities; whilst we remain totally committed to driving growth and performance within the business.

My Net Fone remains very confident that the company will achieve strong organic growth in the coming year and well into the future.

There will be a teleconference and results presentation held on Tuesday 25th August at 3:00pm. For details please check http://mnfgroup.limited/investors

To view the complete release including financial results table and figure, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-MNF-874422.pdf


About My Net Fone Limited:

MyNetFone (My Net Fone Limited) (ASX:MNF.AX - News) is an integrated telecommunications software and network provider, specialising in IP voice communications. As the world moves to IP, our global team are building the brands, services, network and technology to lead the way. My Net Fone was founded in 2004 and listed on the ASX in mid 2006, has 66.8 million shares on issue, has operated profitably since 2009 and has paid dividends to its shareholders every six months since September 2010.

The Group operates a global voice network carrying over 6 billion voice minutes per annum, with Points of Presence (POPs) in Los Angeles, New York, Hong Kong, Singapore, London, Frankfurt, Sydney and Auckland. The Group also operates the largest IP voice network in Australia, with 100% population coverage locally, as well as in New Zealand and Singapore.

My Net Fone has a reputation for quality, value and innovation, having won numerous awards including the Forbes Asia’s 200 Best Under a Billion (2014 & 2015), Deloitte Technology Fast 50 (2008, 2009, 2010, 2012, 2013, 2014), CeBIT Outstanding Project Award (2013), PC User Product of the Year (2005), Money Magazine Product of the Year (2007) and many others.

My Net Fone Group of companies includes retail brands MyNetFone, Connexus, CallStream, PennyTel and The Buzz; and wholesale brands TNZI, Symbio Networks and iBoss.

Contact:

 
Rene Sugo, CEO
My Net Fone Limited

Investor Relations
T: +61-2-8008-8090
E: investor@mynetfone.com.au
WWW: www.mynetfone.com.au 

Source:

My Net Fone Limited

Copyright © 2015 ABN Newswire. All rights reserved.

The PAS Group FY2015 Full Year Results

The PAS Group FY2015 Full Year Results


ASX and Media Release Page 1 of 5

28 th August 2015

 Sales up 3.1% to $253.2 million (H2 up 9.7% on pcp)

 Underlying EBITDA of $20.2 million in line with May trading update

 Underlying net profit after tax (NPAT) of $8.8 million

 Underlying earnings per share of 6.4 cents per share

 Retail sales up 10.4% to $143.1 million (H2 up 11.1% on pcp)

 44 new stores opened during the year taking the total to 275 retail sites

 Designworks Sports division experienced strong growth across Everlast, Dunlop and Slazenger

 Acquisition of White Runway completed in July 2015 adding a fast growing online business in the occasion wear and bridal market

 Strong cash generation, cash on hand of $12.5 million as at 30 June 2015

 Total full year dividends of 5.0 cents per share fully franked, Final Dividend of 3.1 cents per share

The PAS Group Limited (ASX: PGR) (“PAS”, “the Group” or “the Company”) today reported underlying net profit after tax (NPAT) of $8.8 million for the full year ended 30 th June 2015. Underlying earnings before interest, tax, depreciation and amortisation (EBITDA) was $20.2 million. This result was in line with the trading update released to the market on 15 th May 2015.

A summary of the Company’s financial performance for the full year ended 30 th June 2015 on an underlying and a statutory basis is shown below:

$ million Underlying FY2014 Underlying FY2015 Statutory FY2014 Statutory FY2015

Revenue from Sales $245.5 $253.2 $245.5 $253.2

EBITDA $31.7 $20.2 $28.6 $20.2

EBIT $25.6 $13.6 $22.5 ($27.1) NPAT $17.2 $8.8 $13.0 ($31.9)
The Statutory net loss after tax of $31.9 million was impacted by the previously reported one-off, non-cash significant item relating to the revaluation of the carrying value of the Metalicus goodwill and brand name of $38.1m. In addition in H2 FY2015 the remaining balance of the fixed assets in the Metalicus business of
$2.6m was written down. Performance in Metalicus also impacted the underlying FY2015 EBITDA and
remains challenging, with significant focus being applied to the brand. Wholesale performance was
impacted in H1 FY2015 by the previously reported Target private label reduction in Designworks.

17 Hardner Road, Mt Waverley Vic 3149 AUSTRALIA Tel +61 3 9902 5555 Fax +61 3 9902 5500 www.thepasgroup.com.au ACN 169 477 463

ASX and Media Release Page 2 of 5

Segment Performance Retail

Total retail sales grew by 10.4% to $143.1 million in FY2015. This increase came from online sales growth, the opening of new stores and the impact of stores opened during H2 FY2014. During the period, 44 new stores were opened taking the total number of stores as at 30 June 2015 to 275 in line with our plan. Like for like retail sales for the year were down 0.9% excluding Metalicus (down 4.1% including Metalicus) and were negatively impacted by the performance of Myer Concessions, some new store cannibalisation of existing stores in Black Pepper and general retail conditions. Online sales continued to grow strongly, increasing 57.1% for the full year.

Wholesale

Wholesale sales for the full year were $110.1 million, a decline of 5.0%, impacted by the previously reported reduction of sales in Target house branded product and the strategic shift from wholesale to retail in Black Pepper. Wholesale sales recovered strongly in H2 FY2015, up 31.8% on H1 FY2015 to $62.6 million and up 8.1% on H2 FY2014 driven by strong growth in the new sports and licensed business in Designworks.

Operational Highlights and Growth Strategy New Stores & Store Enhancement

The new store rollout-program is proceeding to plan. In FY2016 PAS expects to grow its retail presence to
290 sites. The Group plans to open 32 new stores and to close up to 17 stores at lease expiry.
Significant store expansion opportunities exist for Black Pepper, particularly in the Western Australia, South Australia and New Zealand markets where the retail footprint is under-represented. As such PAS expects to open 24 new Black Pepper stores in FY2016.
During FY2015 40 Retail sites were refurbished or refreshed.

Online Growth

Online sales have continued to grow considerably, increasing by 57.1% in FY2015 in addition to the 60.6% growth achieved in FY2014. The Black Pepper online store launched in October 2014 has become one of the brand’s top performing stores. During the year PAS launched new online sites for Black Pepper and Yarra Trail and rolled out new online initiatives including the roll out of “Click & Collect” in Review and Metalicus.
In FY2016 PAS plans to roll out “Store-to-Door” and “Floor-to-Door” fulfilment of customer orders, complete a major update to the front end design of the online stores and further enhance the online store functionality including mobile.

17 Hardner Road, Mt Waverley Vic 3149 AUSTRALIA Tel +61 3 9902 5555 Fax +61 3 9902 5500 www.thepasgroup.com.au ACN 169 477 463

ASX and Media Release Page 3 of 5

Loyalty & Targeted Customer Communication

Loyalty membership across the Group increased to 474,900 members at 30 June 2015 up 213,900 members since June 2014. Loyalty sales now represent 69.0% of total retail sales. Our growing customer database provides the platform for segmented and targeted customer communication.

Wholesale - Designworks

During FY2015 Designworks signed a number of new brands and character licences and will continue to drive growth into FY2016 through new initiatives including the successful babywear and toddler program in Toys"R"US Japan and the roll out in Coles and Woolworths of licensed products, following a successful trial and sell through of the initial programs in H2 FY2015.
In the second half of FY2015 the Everlast and Slazenger launches were successful in driving new sales and broadening the Designworks customer base. The sports equipment and footwear business for these brands, acquired from Pacific Brands during the year, were successfully integrated and contributed to the growth momentum into the second half. In FY2016 the sports division will drive further revenue growth through the continued expansion of the Everlast apparel product range in Kmart, an expanded Slazenger apparel range in Big W, the expansion of Dunlop and Everlast footwear and new equipment ranges in Rebel Sport and other sports specialty stores. Additional sports category licences have been signed for the Slazenger and Dunlop brands which will be phased in during FY2016.

Operating Efficiency Program

The Company successfully implemented a new merchandise planning system which aims to drive incremental sales through improved forward visibility into store and category inventory planning and allocations.
The Group has also completed a comprehensive review of costs and recently commenced a range of actions to drive efficiency improvements in non-customer facing areas.

New Business Acquisition White Runway - whiterunway.com.au

In July 2015 PAS acquired White Runway, an online led occasion-wear business. The business sells ready to wear and made to measure bridal party, mother of the bride and occasion-wear. White Runway offers customers personalised styling and fitting services for the made to measure business and currently operates showrooms in Sydney, Melbourne and a New York pop-up. In FY2015 the business revenue grew to $2.5 million and provides PAS group an opportunity to expand in the large and growing bridal and occasion segment. PAS sees significant opportunities for growth in White Runway through geographic expansion in Australia and internationally and synergies with our existing business. The purchase price comprises three tranches, the first of which was paid at completion of the transaction from available cash. The subsequent two payments are linked to the performance of White Runway and are payable in FY2017 and FY2019
respectively.

17 Hardner Road, Mt Waverley Vic 3149 AUSTRALIA Tel +61 3 9902 5555 Fax +61 3 9902 5500 www.thepasgroup.com.au ACN 169 477 463

ASX and Media Release Page 4 of 5

Dividend

The business has continued to generate strong cashflows with a cash balance of $12.5m at 30 June 2015. The Board has declared a final dividend of 3.1 cents per share, fully franked and payable on 9 th October
2015 with a record date of 18 th September 2015. The full year dividend of 5.0 cents per share represents a
payout ratio of 78%.

Outlook

The Group’s growth in FY2016 will be driven by the initiatives outlined above, in particular:
‒ Retail sales growth from new stores and the annualisation of stores opened in FY2015 along with underlying growth from the Company’s online initiatives and store improvement program. White Runway will contribute additional sales in the retail segment; and
‒ Wholesale sales growth through Designworks in H1 FY2016 at broadly the run rate achieved for H2
FY2015.
Underlying EBITDA is expected to increase broadly in line with sales growth.
Eric Morris, Chief Executive Officer of PAS commented:
“The Company has delivered underlying earnings in line with the guidance provided in May 2015 with significant earnings improvement in the second half. While consumer sentiment and trading conditions remain challenging, sales for the first eight weeks of the year have been in line with expectations with positive like for like sales growth.
PAS remains focused on delivering its growth strategy, which includes the new store rollout program, driving online sales growth and capability, growing our loyalty programs, introducing new brand and character licences, growing the sports division and improving operating efficiency.
PAS is in a strong financial position with no debt and strong cash flows and will continue to evaluate acquisition opportunities.”
-ENDS-
For further information, please contact:
The PAS Group Citadel Communications Mr. Eric Morris Mr. Matthew Gregorowski Chief Executive Officer & Managing Director (02) 9290 3033
(03) 9902 5501
Mr. Matthew Durbin
Chief Financial & Operations Officer
(03) 9902 5525

17 Hardner Road, Mt Waverley Vic 3149 AUSTRALIA Tel +61 3 9902 5555 Fax +61 3 9902 5500 www.thepasgroup.com.au ACN 169 477 463

ASX and Media Release Page 5 of 5

About The PAS Group

The PAS Group operates a portfolio of 23 leading and diverse apparel brands. It serves a broad customer demographic with distribution spanning multiple sales channels including 275 owned stores and department store concessions under its Review, Metalicus and Black Pepper brands, a wholesale business and a rapidly growing online business. Its wholesale business incorporates owned retail brands such as Black Pepper, Metalicus, Yarra Trail and Marco Polo as well as several licensed brands designed and distributed through its Designworks operation including Mooks, Everlast and Slazenger, sold through department stores and discount department stores as well as over 1,000 independent retail outlets. PAS operates a fully integrated supply chain with considerable in-house design capabilities in Australia and
established direct sourcing relationships.

17 Hardner Road, Mt Waverley Vic 3149 AUSTRALIA Tel +61 3 9902 5555 Fax +61 3 9902 5500 www.thepasgroup.com.au ACN 169 477 463

thl profit up 81%, company positions for growth

Chairman, Mr Rob Campbell, said, “This year represents a turning point for thl. We have delivered the basics and the focus on delivering returns to shareholders has been well established. The Company will continue to grow returns and now focus on revenue growth.”

“We are in a positive economic environment for tourism. It is imperative that we maximise this opportunity, get aggressive about growth and scale this business internationally.”

Earlier this month, the Company announced that the strategic review of the capital structure conducted by First NZ Capital had been completed.

Mr Campbell said, “We are confident we have a strong and conservative balance sheet. We have announced a new dividend policy and we will target smart value accretive acquisitions on either an international or domestic basis.”

“We can see the potential for the existing business to achieve over $30 million NPAT within four years, before we account for acquisition growth. We will also target consistency in dividends and ensure we create sustainability in the business model.”

Chief Executive Officer, Mr Grant Webster, said, “We have proven our success in leveraging the operating costs in the business to deliver a record profit. We have also grown our capability as an organisation so we can deliver on the next stage of growth.”

“We have created the opportunity for us to invest in new initiatives, grow profit and dividends. The crew are highly engaged and ready for the next step.”

A final dividend of 8 cps, partially imputed (to 50%), was also declared, taking the total dividend to 15cps for the year.

The Company has not given any guidance for the full FY16 year, although expects ongoing growth in all businesses. An update on the full year expectations will be provided at the Annual Meeting, when we will have greater clarity on the New Zealand high season and completion of the USA high season.

McMillan Shakespeare Limited reports 22% profit growth and brighter 2016

Vehicle lease provider McMillan Shakespeare Limited (MMS.AX) could be set for a strong performance on the S&P/ASX 200 (INDEXASX:XJO) today after it released its preliminary final report after market close yesterday. Here are the highlights: The What

  • Revenue rose 12.1% to $389.6m
  • Net Profit After Tax (NPAT) rose 22.8% to $67.49m
  • Underlying* Net Profit After Tax rose 25.8% to $70.2m
  • Earnings per share of 86.8 cents, up from 72.7 cents in 2014
  • Total dividends of $0.52 per share (4% yield at today’s prices)
  • Acquired automotive finance provider Presidian Holdings during the year; excluding the acquisition net profit grew 20.2%
  • $85.7m cash at bank
  • Reasonable financial position with gearing (net debt divided by net debt + equity) of 46% and interest cover** of 12.5 times
*excluding one-off costs such as on acquisitions **the amount of times that the annual interest expense on a company’s debt can be paid from Earnings Before Interest and Tax (EBIT) So What? Another strong performance from McMillan Shakespeare; according to management the company has delivered a Compound Annual Growth Rate (CAGR) of 29% per annum since listing on the ASX in 2004. Shares are up 582% in the past 10 years. The acquisition of Presidian Holdings looks to be a sound move as it broadens the company’s business into parallel services like car insurance and financing, using McMillan’s existing expertise and network of customers to sell more products. Subsequent to the reporting date of June 30, McMillan also acquired United Financial Services (“UFS”) which provides a similar range of lending and insurance products to Presidian Holdings. Both businesses together are expected to deliver a wider customer base in 2016 that will be complemented by a re-branding of McMillan to better reflect the inclusion of Presidian and UFS. Management declined to provide guidance for 2016, but stated earnings will increase as a result of the acquisitions, and that the business has met or exceeded targets in the first weeks of 2016. Now What? Despite such a strong result McMillan looks to trade on a reasonable Price to Earnings (P/E) ratio of 15, slightly above the ASX average but cheaper than a lot of slower-growing stocks. Gearing of 46% makes the company riskier than otherwise, but is kept in check by interest cover of 12.5 times. With consistently strong returns on equity (ROE) and returns on capital employed of above 20% per annum, McMillan looks likely to remain a strong performer in the years ahead. Chasing strong long-term performance?  If so, you won’t want to miss this. The Motley Fool has just issued a brand-new report, complete with all the details on our Top Dividend Stock for 2015-2016. This stock also boasts a long-term history of market out-performance and trades on a bargain P/E of just 12. Simply click on the link, enter your email address and we’ll send you our full coverage for free -  no credit card details or payment required! Click here now for your copy.
Olam’s net profit triples to $94.7m in 2Q

On back of improved margins.

The agri-business company continued its strategy of restructuring by deprioritizing lower margin businesses, but still saw a robust growth for its net profit in 2Q.

Easing priority from lower margin businesses, however, caused a drop in Olam’s revenue by 16% to S$4811.6m.

“1H15 revenue was down 14% at S$7516.3m, meeting 44% of our full-year forecast, while reported NPAT tumbled 70.6% to S$126.0m; operational NPAT was actually up 48% at S$223.7m, or about 51% of our FY15 forecast,” a report from OCBC said.



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