half yearly

Well at least they made a profit this half. Let's hope it continues for the second half.

The Group has recorded a net profit after tax of $682,358 (2012: profit of $527,501) for the six month
period ended 31 December 2013, a 29.4 per cent improvement on the previous corresponding period.
The Group has reported EBITDA1 of $7,661,398 for the six month period ended 31 December 2013 (2012:
$6,382,864), representing a 20.0 per cent improvement on the previous corresponding period. This
improvement in EBITDA is attributed to:
i) positive results from cost management initatives;
ii) lower raw material costs arising from material efficiencies;
iii) reduced maintenance spend arising from improved plant stability; and
iv) margin improvement arising from the falling Australian dollar.
Sales revenue of $65.1 million (2012: $81.6 million) was 20.2 per cent below the corresponding period and
has been adversely impacted by a combination of:
i) lower production rates, as reported in the September 2013 and December 2013 Quarterly
Updates, associated with with non-standard products; and
ii) construction of a significant number of modules where recognition of revenue is deferred until
completion of the project.