By Phil Boeyen, ShareChat Business News Editor
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Tuesday 11th December 2001 |
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The New Capital Markets listing has reported a loss of just $3,000 in the six months ended September and says the result is after amortisation of goodwill of $96,000.
Sales for the period were $1.9 million and Caci says it is trading in line with expectations and is on target to hit its forecast Ebitda of $755,000 for the year to the end of March 2002. Ebitda for the interim reporting period was $252,000.
"The company's earnings in the second half of the year will be higher because of seasonal factors," Caci says.
"The result for the first six months was also influenced by costs associated with the group's transition to a public company and the transaction costs of its New Capital Markets listing."
Chairperson, Juliet McKee, says the board is looking to generate a minimum return of 12% on shareholders funds, after tax and before amortisation.
"The company plans to maintain its aggressive investment in future expansion both by increasing the number of franchisees and by strategic acquisitions," she says.
The first six months' activities included investments that will enhance
earnings in the second half of the financial year.
At the end of September the group had 18 franchised Caci Clinics throughout New Zealand including its wholly owned clinics in Newmarket, Wellington and Christchurch.
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