re: Ann: Delivers record proft - Normalised N... Neptune well placed following record $15.6m profit result
Revenue: $95 million (1H08: $31.7m)
Reported net profit after tax: $12.9m (1H08: $0.8m; 2H08: $6.6m)
Normalised NPAT: $15.6m (1H08: $2.2m; 2H08: $8.1m)
EBITDA: $24.1m
Operating cashflow strong at $6.4m
Well funded and low gearing with net debt/equity of 17.2%
Completed acquisition of Access Management (WA) Pty Ltd
Completed purchase of 70.05m Neptune Trident offshore support vessel
Signed LOI for the acquisition of Subsea Engineering Services (completed 9/1/09)
Continues to benefit from peerless service offering
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