TIL
11/03/2015 08:39
FORECAST
PRICE SENSITIVE
REL: 0839 HRS Trilogy International Limited
FORECAST: TIL: Trilogy expects net profit growth of more than 300%
Trilogy International Limited (NZX: TIL) said today in an earnings update
that it expects net profit before tax for the financial year ending 31 March
2015 to be greater than $4m, which is an increase of more than 317% on the
$1.26m achieved for the previous year to 31 March 2014.
Revenue is expected to be in excess of $35m, which is an increase of more
than 18% on revenue for the previous financial year.
CEO Stephen Sinclair said that the financial year to date had been
underpinned by improved performance from Trilogy in Australia, due to the
appointment of new distributor McPherson's Consumer Products (MCP) together
with continuing growth and profitability from the Ecoya brand.
The Ecoya brand reached profitability for the first time in the first six
months of this financial year and this profitability has continued to grow
during the second six month period, including the Christmas gifting period.
This earnings update is based on unaudited actual financial results to
January 2015 and a forecast for the remaining period to 31 March 2015.
Trilogy will announce its final audited results for the year before 31 May
2015.
Ends
For further information contact;
Chairman - Geoff Ross 021 424 219
CEO - Stephen Sinclair 021 330 053
End CA:00261695 For:TIL Type:FORECAST Time:2015-03-11 08:39:30
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