Vita Life Sciences Limited Provides Group Earnings Guidance for the Second Half and Full Year Ending December 2012; Provides Final Dividend Guidance
November 28, 2012 at 04:14 am IST
Share
Vita Life Sciences Limited provided group earnings guidance for the second half and full year ending December 2012. For the period, the group expects revenue to continue its momentum with growth in the second half of the year being similar to the first half. NPAT for the second half is anticipated to be similar to the first half. Based on the group's management accounts to October and its forecast for November and December 2012: Sales revenue is forecast to be $29.0 million to $30.0 million, or approximately 20% higher than the year to December 31, 2011. Profit before tax to be approximately 18% - 20% higher than that reported for the six months to June 2012.
For the year, the company expects profit before tax to be approximately $2.3 million, or 65% higher than the year to December 2011.
The company's Directors expect to declare a fully franked final dividend of 0.5 cent per share payable in April 2013.
Vita Life Sciences Limited (Vita Life) is a pharmaceutical and healthcare company. The Company is involved in formulating, packaging, sales and distributing vitamins and supplements. Its core business is the development and distribution of over-the-counter (OTC) medicines, as well as complementary and alternative medicines, dietary supplements and health foods under various brand names throughout Australia, Malaysia, Singapore, Thailand, Vietnam, China and Indonesia. Its brand portfolio includes Herbs of Gold, VitaHealth, VitaScience and VitaLife. Herbs of Gold brand produces premium herbal, mineral, vitamin and superfood products. VitaHealth brand offers a comprehensive range of nutritional products that cater to every health need, from inner wellness to outer radiance. VitaScience is a vivacious nutritional supplement brand that offers practitioner strength quality formulations. Its subsidiaries include Vita Healthcare Asia Pacific Sdn Bhd, Herbs of Gold Sdn Bhd and others.