Total revenue up 100% to A$490 million
Cash flow -$40mil (guidance of -30 to -40 was given at the end of november so I can't imagine it worse than -40.)
Interim dividend suspended until debt/equity back to <45% which is anticipated by the end of F16.
Net debt at 660mil.
WIP down about 80mil 10% and intangibles down 120mil 10%. therefore a write off of about 200mil from the balance sheet.
Therefore a debt to equity of about 50%
Share price about $1 on March 1.
Total revenue up 100% to A$490 million Cash flow -$40mil...
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Mkt cap ! $84.26M | |||
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