GWA Group Limited Announces Audited Consolidated Earnings Results for the Fiscal Year Ended June 30, 2018; Provides Capital Expenditure and Effective Tax Rate Guidance for the Fiscal Year 2018
August 15, 2018 at 06:15 pm EDT
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GWA Group Limited announced audited consolidated earnings results for the fiscal year ended June 30, 2018. For the year, on normalized basis, revenue was AUD 453.2 million, EBITDA was AUD 89.5 million, EBIT was AUD 84.4 million, NPAT was AUD 56.0 million, ROFE was 20.5% and EPS was 18.0 cents against revenue of AUD 446.3 million, EBITDA of AUD 86.2 million, EBIT of AUD 80.6 million, NPAT of AUD 53.7 million, ROFE of 20.2% and EPS of 20.3 cents a year ago. On a reported basis, sales revenue was AUD 359,281,000 against AUD 350,437,000 a year ago. EBIT from continuing operations was AUD 76,242,000 against AUD 74,301,000 a year ago. Operating profit was AUD 76,242,000 against AUD 74,301,000 a year ago. Profit before tax was AUD 71,429,000 against AUD 68,963,000 a year ago. Profit from continuing operations was AUD 50,139,000 or 20.4 cents per diluted share against AUD 49,251,000 or 20.2 cents per diluted share a year ago. Profit for the period was AUD 54,252,000 or 18.9 cents per diluted share against AUD 53,671,000 or 18.6 cents per diluted share a year ago. Net cash from operating activities was AUD 39,158,000 against AUD 57,171,000 a year ago. Acquisition of property, plant and equipment was AUD 11,270,000 against AUD 3,681,000 a year ago. Acquisition of intangible assets was AUD 1,205,000 against AUD 1,600,000 a year ago.
For fiscal year 2019, the company expects capital expenditure in the range of $10 million to $12 million, with the majority planned to support growth. The company expects the effective tax rate to be around 30%.
GWA Group Limited is an Australia-based supplier of building fixtures and fittings to households and commercial premises. The principal activities of the Company include research, design, import and marketing of building fixtures and fittings to residential and commercial premises, and the distribution and installation of various products through a range of distribution and customer channels in Australia, New Zealand and selected international markets. Its water solutions segment includes sale of vitreous China toilet suites, basins, plastic cisterns, taps and showers, baths, kitchen sinks, laundry tubs, domestic water control valves, smart products and bathroom accessories. The Company's brands include Caroma, Methven, Dorf and Clark. Its subsidiaries include Caroma Holdings Limited, Caroma Industries Limited, Caroma International Pty Ltd, Caroma Singapore Pte Ltd, Deva Tap Company Ltd, GWA Finance Pty Limited, GWA Group Holdings Limited, and GWA Group Holdings (NZ) Limited.
GWA Group Limited Announces Audited Consolidated Earnings Results for the Fiscal Year Ended June 30, 2018; Provides Capital Expenditure and Effective Tax Rate Guidance for the Fiscal Year 2018