Monday 24th August 2020 |
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Transformation of organisation structure complete with costs accounted for in FY20 $15M transformation programme on track
• Reported EBITDA $4.2M turnaround of the first half loss of ($8.8M)
• Second half EBITDA of $13M
• Underlying full year EBITDA* of $19.1M
• Reported NPAT ($9.7M) with ($9.3M) impact of one off non-operating items
• Record revenue of $196M +14.5% versus FY19
• Net debt reduced to $15.5M versus $89M FY19
• China and North America (focus growth markets) deliver very strong double-digit top and bottom line performance
See link for full announcement.
Comvita transformation driving earnings improvements
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