AWF
29/01/2015 17:14
FORECAST
PRICE SENSITIVE
REL: 1714 HRS AWF Group Limited
FORECAST: AWF: Steady Performance Expected From AWF Group
AWF Group Ltd (AWF) has advised that the Group expects a steady finish to its
31.3.15 financial year.
CEO Mike Huddleston noted:
- that turnover was likely to be in the vicinity of $196m - $198m
- net profit after tax expected to exceed $5m (+circa 31%)*
- EBITDA** is likely to be in the range of $12m-13m (+ circa 50%)*
- Underlying earnings*** per share after tax are expected to lift by over 39%
to approximately 26 cents per share.
"As we move towards the new financial year, we are encouraged by the outlook
and expect to see continued growth in all of our business units, driven from
strong activity in the main centres" Mike Huddleston said.
For the Board
Mike Huddleston
CEO
* All comparisons are against the previous year.
** EBITDA means earnings before interest, tax, depreciation and amortisation
and is a non-GAAP measure which allows a comparison of profitability between
different companies by removing the effects of interest, tax, depreciation
and amortization.
*** Underlying earnings is a non-GAAP measure which adjusts for after tax
effect of amortisation of identifiable intangible assets acquired through
acquisition of subsidiaries, profit on disposal of subsidiaries and
impairment of goodwill.
-ENDS-
Announcement authorised by:
Paul Mens
Chief Financial Officer
AWF Group Limited
Direct Dial: +64 9 526 2646
Mobile: +64 21 992 532
End CA:00260139 For:AWF Type:FORECAST Time:2015-01-29 17:14:31
