Ennox Group Limited Reports Audited Consolidated Earnings Results for the Full Year Ended June 30, 2017
September 28, 2017 at 02:24 pm IST
Ennox Group Limited reported audited consolidated earnings results for the full year ended June 30, 2017. For the year, the company reported revenue of AUD 93,962 compared to AUD 156,526 a year ago. Profit before income tax was AUD 986,298 compared to loss of AUD 3,731,236 a year ago. Profit for the year from continuing operations was AUD 660,786 or 0.17 cents per diluted share compared to loss of AUD 3,176,367 or 1.02 cents per diluted share a year ago. Profit for the year was AUD 660,786 compared to loss of AUD 4,894,734 a year ago. Net cash used in operating activities was AUD 429,896 compared to AUD 856,843 a year ago. The company reported an Earnings Before Interest, Tax, Amortisation and Depreciation (EBITDA) of AUD 1,026,954 for the year ended June 30, 2017. This result was driven by re-valuations of the Group's investments of AUD 1,215,558. Revenue was down 40% due to loss of management fees from wind-up of funds under management in prior year. Revenue for current year are mainly derived from advisory income.