• Revenue of $195.3 million, up 20% on previous year
• NPAT of $4.7 million up 194 % on previous year
• Construction work in hand of $180 million
• No corporate debt.
• Finance secured on all internal development projects
• Successful capital raising of $9.1m completed
Diploma Group Limited (ASX: DGX) today announced a net profit after tax of
$4.7 million and revenue of $195.3 million. The represents an increase of 194%
and 20% respectively for the same time last year and continues Diploma’s return
to profit which commenced in FY13.
The Group further strengthened its balance sheet during the year by raising $9.1
million (before costs) via a placement of 22.9 million shares in conjunction with an
underwritten rights issue of 281.1 million new shares. Net assets of the Group
total $16.1 million, an improvement of $12.8 million on the 30 June 2013 position.
During the year the construction division completed 7 projects with a combined
contract value of circa $267 million and secured another 4 totalling $77m. The
division has 9 active projects on hand with Heads of Agreements in place on a
further 4 projects set to commence later in the year. Work on hand for the division
totals $180m........
DGX Price at posting:
4.0¢ Sentiment: None Disclosure: Not Held
