2 Significant announcements outs
1) 2007 full year results exceed expectations.
BSA Limited (ASX:BSA) announced today its unaudited full year results for the period ended June 30 2007.
Revenue: $158.9 M (2006: $130.6 M),
Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA): $14.3 M (2006: $4.4 M)
Net Profit After Tax (NPAT): $9.0 M (2006: $0.7 M)
2) BSA Limited (ASX:BSA) announced today that it has signed an agreement to acquire one of Australia's leading building services organisations, the Triple M Group of companies (Triple M) for a total of A$43.1million in cash and BSA shares.
The acquisition delivers a substnatial new business area for BSA in the dynamic and growing building services market. Together with Triple M, it is anticipated that BSA shuld lift annual revenues beyond $250 million and increase EBITDA to circa $22 million.
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