ASH 5.26% 18.0¢ ashley services group limited

Key take away comments: * underlying EBITDA profit of $5.7...

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    Key take away comments:

    * underlying EBITDA profit of $5.7 million representing a substantial turnaround, up $13.4 million on the previous corresponding period
    * Labour Hire saw strong revenue growth across the year, up 16% on the prior year
    * Ending the year with a zero debt, and with a strong cash balance on the back of a positive cash flow
    * Net tangible assets at end 30 June 2017 represent $16.7m or 11.6c per share
    * we anticipate we will be revisiting the dividend policy with a view to returning to dividend payments in FY18
    * The Training division has been successfully restructured
 
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