Comvita transformation driving earnings improvements

Monday 24th August 2020

Transformation of organisation structure complete with costs accounted for in FY20 $15M transformation programme on track

• Reported EBITDA $4.2M turnaround of the first half loss of ($8.8M)

• Second half EBITDA of $13M

• Underlying full year EBITDA* of $19.1M

• Reported NPAT ($9.7M) with ($9.3M) impact of one off non-operating items

• Record revenue of $196M +14.5% versus FY19

• Net debt reduced to $15.5M versus $89M FY19

• China and North America (focus growth markets) deliver very strong double-digit top and bottom line performance

See link for full announcement.

No comments yet

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News: