28 February 2013Nomad reports statutory loss for the first half...

28 February 2013

Nomad reports statutory loss for the first half of $7.35m after goodwill impairment of $5.0m and $4.6m loss from underperforming Rapley business.

Excluding Rapley losses and goodwill impairment, Nomad generated an EBITDA profit of $3.3m for the first half.

Post further asset sales to Black Diamond Group (refer ASX announcement dated 28 February),

Nomad has net cash at bank of $ 11.8 m as at 28 February 2013 and no bank
debt.

Nomad order book stands at $42m


Eliminate Bank Debt and Build Cash.

The Company has successfully reduced its banking facilities from $14.5m at 30 June 2011 to $0.5m at 31 December 2012. Further debt repayments were made in January 2013 reducing borrowings to zero
.