Ann: Hills Holdings - Investor Update , page-2

... from ninemsn.com.au ..
... http://finance.ninemsn.com.au/newsbusiness/aap/8633093/hills-to-focus-on-electronics-technology
... Reported by AAPWednesday, March 27, 2013.

... Electronics, building materials and lifestyle products supplier Hills Holdings expects to be focused mainly on electronics and technology by the 2016 financial year.

Hills, which is in the midst of restructuring its operations, on Wednesday released an update on its future strategy.

It said in a slide presentation released to the Australian Securities Exchange that it would move into higher growth sectors such as communications and technology.

The company aims to generate 75 per cent of its revenues from electronics and communications operations by the 2016 financial year.

Growth would come via complementary acquisitions.

The company also said it was comfortable with analysts' forecast of a full-year underlying net profit in 2012/13 for Hills' continuing businesses in the range of $16.2 million to $18.3 million.

The net profit range is before impairment and restructuring charges of $114.8 million.

In February, Hills booked a net loss of $73.6 million for the six months to December 31, 2012.

Shares in Hills last traded at $1.12
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........ ende of update article ...
... also - see asx update announcement...
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