TFF Group Reports Consolidated Earnings Results for the Half-Year Ended October 31, 2016; Provides Turnover Guidance for the Fiscal Year 2016-17
TFF Group reported consolidated earnings results for the half-year ended October 31, 2016. For the period, the company reported turnover was 117.9 million compared to 113.9 million a year ago. Current Operating Income was 24.6 million compared to 24.2 million a year ago. Operating Income was 24.6 million compared to 24.3 million a year ago. Operating Income after adjustment was 25.6 million compared to 25.6 million a year ago. Net Profit was 18.3 million compared to 18.3 million a year ago. Net Profit, Group share was 18.1 million compared to 18.1 million a year ago. Net debt at 15% of company funds standing at a level of 44 million against 28 million at April 30, 2016, net financial debt was impacted by the 12 million financing of two acquisitions this semester and the complementary investments that were made in bourbon.
The company targets that all factors that allow hope for a turnover above 200 million for the financial year 2016-17, despite the cyclical fall in Whisky which should until an expected upturn from 2018.