While FY17 showed a spectacular turnaround from the results of FY16, FY18 saw even further improvement.
FY18 recorded the best results in AKG’s 110-year history! - EBITDA $7.46 million - Earnings before tax $6.12 million
The management team is to be commended for the 42% increase on FY17’s earnings before tax (FY17: $4.31 million). After adjusting for gains on investment (FY18: $1.58 million, FY17: $0.99 million), FY18’s earnings before tax are $1.22 million or 37% more than that in FY17. After adding back $1.06 million (FY17: $0.84 million) for restructure and non-recurring costs, FY18’s earnings before tax are $5.60 million (FY17: $4.16 million).
FY18 improvements on FY17 -
Revenue from ordinary activities Up 5% ($2.84 million) to $61.28 million -
EBITDA Up 16% ($1.02 million) to $7.46 million -
Profit from ordinary activities before tax Up 42% ($1.81 million) to $6.12 million -
Profit from ordinary activities after tax Up 46% ($1.41million) to $4.45 million -
Net assets Up 8% ($2.58 million) to $36.86 million -
Net cash at 30 June Up 35% ($3.35 million) to $12.97 million -
Total borrowings Down $4.3 million to $1.29 million
AKG Price at posting:
36.0¢ Sentiment: Buy Disclosure: Held
