KRESTA HOLDINGS LIMITED 25th May 2017
The Manager
Company Announcements Office Australian Stock Exchange Limited
Level 4, 20 Bridge St By ASX Online
SYDNEY NSW 2000 Number of pages: 1
Dear Sir
RE: RESULTS OF 2017 ANNUAL GENERAL MEETINGThe Company wishes to advise pursuant to Listing Rule 3.13.2 that all resolutions presented at the 2017 Annual General Meeting of shareholders held today have been passed on a show of hands.
In accordance with section 251AA of the Corporations Act 2001, details of valid proxy votes received for each resolution are as follows:
Resolution | Votes in Favour | Votes Against | At Proxy's Discretion | Abstentions | Total of Proxy Votes |
1. Adoption of Remuneration Report | 1,157,283 | 330,680 | - | - | 1,487,963 |
2. Appointment of Mr Sean Shwe as a Director | 127,920,642 | 289,120 | - | 20,000 | 128,229,762 |
3. Re-election of Mr Richard Taylor as a Director | 128,209,762 | - | - | 20,000 | 128,229,762 |
The Board of Kresta Holdings Ltd would like to update the market on the current trading conditions it is experiencing.
4 months ending 30 April 2017 | 4 months ending 30 April 2016 | % change | |
Revenue | $25.2m | $27.4m | (8%) |
Net Loss before Tax | $1.74m | $0.97m | 80% |
Year to date revenue (January 2017 to April 2017) is down approximately 8% on the prior year's revenue (for the same corresponding period). The softer revenue numbers are due to a number of reasons including experiencing weaker retail activity across a number of states in Australia and the reduction in Vista Stores across the country. The unaudited pre tax loss is
$1.74m for the first four months of the calendar year due to restructuring costs and weaker sales revenue.
Yours faithfully, Neil Perkins
Company Secretary
Kresta Holdings Limited published this content on 25 May 2017 and is solely responsible for the information contained herein.
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