TIL
18/09/2014 11:37
FORECAST
REL: 1137 HRS Trilogy International Limited
FORECAST: TIL: TIL outlines guidance for the half year to 30 September 14
Trilogy International (NZX: TIL) announced today that its half year revenue
to 30 September 2014 is forecast to be $15m - up from $13.57m on the half
year prior to 30 September 2013, an increase of 11%.
Net Profit before tax for the six months is forecast to be $1m versus a loss
of $375k for the same period last year.
Chairman Geoff Ross, confirmed that the previously outlined business strategy
of investing in profitable growth is paying off with both Trilogy and Ecoya
brands in profit whilst still achieving growth.
The improvement in profitability for the half year comes predominantly from
Ecoya brand and the appointment of McPherson's Consumer Products (MCP) in
Australia for Trilogy.
The company forecasts the Ecoya brand revenue to be up 9% on the previous
half year and for it to be just above breakeven for half year versus a loss
for the brand of $700k in the previous half.
The performance of the Trilogy brand has been helped by sales into MCP as
part of the new distribution arrangement. Trilogy sales into Australia are up
24% on the previous half year as a result of the MCP sell in. The
distribution arrangement with MCP commenced on 1 July this year and sales for
the first three months of the new partnership are on track to exceed budget.
CEO Stephen Sinclair says that the company has been impressed by the MCP team
with sales growth through independent pharmacy's and real strength with major
retail chains such as Priceline and Chemist Warehouse.
Mr Ross said, revenue across both brands in Australia and New Zealand
represents 82% of total revenue. The company believes there is more growth
opportunity in these local markets as well as continuing opportunity for
growth in International markets.
Trilogy International Ltd is holding its Annual Meeting at the Northern Club
in Auckland on Tuesday 23rd September at 12pm. At the meeting Trilogy will
provide an overview of the 2014 year as well as discuss the forecast half
year result in further detail.
For further information contact; Chairman Geoff Ross 021 424 219
CEO Stephen Sinclair 021 330 053
End CA:00255393 For:TIL Type:FORECAST Time:2014-09-18 11:37:07
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