MAH Running hard...anyone know why?, page-4

Mah has a small Mcap = 50m at 4c ..so seems cheap now .


Results for the SIX months ended 31 December 2014 Overview:

 Revenue of $384.3 million
 Underlying EBITDA from continuing operations of $55.9 million !!!!!! ( Good)

 One-off charge of $123.8 million (net of tax) due to non-cash impairment, inventory write-down and onerous lease ( 1 off charge ..good)
 Underlying net profit after tax of $11.3 million (6 Months is Good ... full year is ??)

 Operating cash flow of $27.2 million ( good)
 Gearing (net debt / equity) at 11.3% - ongoing focus on strengthening the balance sheet ( good )

 Challenging market conditions weighing on the sector...( may improve )
 Revised revenue forecast of $600 – $700 million for FY15 ( may improve )