re: + + half year 30/06/2004 & analysts presentati Half Yearly Report/Half Year Accounts:
http://stocknessmonster.com/news-item?S=AVV&E=ASX&N=223292
"Traditionally, group revenue is greater in the second half as compared to the first half and our 2004 calendar year budget is based on a 40/60 revenue split between first and second half"
NPAT: $4.741 mill.* Tax: 25.6% and tax losses available: $29.5 mill. Cash: $17.3 mill.
Current assets/current liabilities: 1.4. Net debt: $14.4 mill. ($4 mill was paid back)
* Compares with $2.503 mill last year after the extra- ordinary gains were excluded.
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Presentation:
http://stocknessmonster.com/news-item?S=AVV&E=ASX&N=223290
Extract:
AAV INCREASES INTERIM DIVIDEND PAYMENT
"The Chairman of AAV Limited, Mr Bob Mansfield, announced today that the Company has declared an increased fully franked interim dividend of 5 cents (previously 2.5 cents) following the release of its half year results to 30 June 2004.
“AAV has recorded a very commendable performance for the half year to 30 June 2004 following the acquisition of the Staging Connections business late in 2003.
Revenues from ordinary activities increased to $73.3 million ($46.0 million previous corresponding period, after excluding one-off gains).
Operating Profit from ordinary activities and before tax reached $6.4 million (prior period $3.8 million, after excluding non-operating one-off gains)” said Mr Mansfield.
The Chief Executive of AAV, Mr Ted Gregory commented “The AAV business is a very different business from what it was 12 months ago. Not only do we service the media industry, but following the acquisition of the Staging Connections business, we are now also in the events management industry.
We are rationalising and integrating our operations wherever possible in order to deliver on the business plan, which drove the acquisition of Staging Connections late last year.
These benefits will be evident in future periods” he said. “Due to the inclusion of Staging Connections’ results in the six months to 30 June 2004, the overall AAV Group’s results are not comparable six months on six months.
The traditional AAV business of media services recorded revenue of $43.8 million (prior period $46.0 million) and EBITA of $4.98 million (prior period $4.1 million).
The "Staging Connections" operations recorded revenue of $29.5 million (prior period $27.4 million) and EBITA of $3.0 million (prior period $2.6 million)” said Mr Gregory.
The directors have declared a fully franked interim dividend of 5 cents per ordinary share payable on 20 September 2004 to shareholders on record at close of business on 6 September 2004.
R Mansfield E J Gregory Chairman Chief Executive 25 August 2004"
AVV
aav limited
