QUICKSTEP HOLDINGS LIMITED Quickstep Holdings Limited
361 Milperra Road, Bankstown Airport, NSW, 2200 PO Box 337, Milperra, NSW, 2214
p: 02 9774 0300 e:info@quickstep.com.au
Quickstep Automotive ‐ DDMC
Building LA, 75 Pigdons Road, Waurn Ponds, VIC, 3216
21 February 2019
Companies Announcements Office Australian Securities Exchange Limited Level 4, 20 Bridge Street
Sydney, NSW, 2000
Dear Sir/Madam,
Please find attached the Company's results for the six months ended 31 December 2018, for immediate release to the market.
Included in this announcement are ASX Appendix 4D and the Interim Financial Report for the half year ended 31 December 2018 as required by ASX listing rule 4.2A. This information should be read in conjunction with the annual financial statements for the year ended 30 June 2018.
Yours Faithfully,
Jaime Pinto Company Secretary
QUICKSTEP HOLDINGS LTD
ACN 096 268 156
361 Milperra Road, BANKSTOWN AIRPORT NSW 2200
T: +61 ‐ 2 9774 0300
F: +61 ‐ 2 9771 0256
QUICKSTEP HOLDINGS LTD Appendix 4D
Half Year Report Period Ended 31 December 2018 (Corresponding Period 31 December 2017)
Results for announcement to the Market
Percentage
Change | Dec 2018 | Dec 2017 | ||
Revenue from ordinary activities | 21.5% up | to | $33,849,000 | $27,856,000 |
EBIT | n/a | to | $1,956,000 | ($2,226,000) |
Profit/(Loss) from ordinary activities after | ||||
tax attributable to members | n/a | To | $886,000 | ($2,929,000) |
Net Profit/(Loss) for the period | ||||
attributable to members | n/a | To | $886,000 | ($2,929,000) |
The Net Profit for the half year of $886,000 is a $3,815,000 improvement on the net loss after tax of $2,929,000 for the six month period ended 31 December 2017. This can be attributed to an increase in volumes on the JSF program, the impact of the lean manufacturing program, an ongoing focus on cost control, non‐recurring restructure costs incurred during the first half of FY18 and a $430,000 non‐cash benefit from the revision of asset useful lives in H1 of FY19.
For more details around these activities please refer to the Directors Report which forms part of the Half Year Interim Financial Report also released today.
Dividends Current period:
Amount per securityPercentage Franked
Interim Dividend
Nil
N/A
Date the Dividend is Payable:
N/A
Record Date for determining entitlements to the Dividend:
N/A
Prior corresponding period:
Interim Dividend
Nil
N/A
Net Tangible Assets per Security
As at 31 December 2018 $0.015
As at 31 December 2017 $0.010
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Quickstep Holdings Limited published this content on 21 February 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 21 February 2019 07:20:25 UTC
