BGL 0.31% $1.63 bellevue gold limited

Ann: Media Release - 1HFY2011 , page-2

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  1. 564 Posts.
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    A little disappointing for mine. Revenues were certainly healthy but as explained, even adding back acquisition costs to EBITDA shows margins have suffered.

    Given the acquisitions we knew 2011 was going to be a year of consolidation but I still can't help being disappointed by the bottom line being up just 1% (and eps being down year over year).

    Revenue up 51% but cost of sales almost up double. Again all nicely explained in the release but we'll want to see proof of integration synergies in 2H11 and beyond.

 
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