Benchmark Holdings plc Reports Unaudited Consolidated Earnings Results for the Year Ended September 30, 2016
January 24, 2017 at 07:00 am
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Benchmark Holdings plc reported unaudited consolidated earnings results for the year ended September 30, 2016. For the year the company reported revenue of £109,375,000 compared to £44,190,000 a year ago. LBITDA was £3,863,000 compared to £7,231,000 a year ago. Operating loss was £20,471,000 compared to £11,599,000 a year ago. Loss before tax was £22,384,000 compared to £11,359,000 a year ago. Loss attributable to owners of the parent was £18,346,000 or 4.39 pence per diluted share compared to £11,988,000 or 5.96 pence per diluted share a year ago. Adjusted EBITDA was £9.2 million compared to adjusted LBITDA of £5.7 million a year ago. Net cash flows used in operating activities was £10,532,000 compared to £8,959,000 a year ago. Purchases of property, plant and equipment was £18,660,000 compared to £14,038,000 a year ago. Capex was totaled £18.7 million compared to £14.0 million a year ago. Cash at the period end stood at £38.1 million compared to £13.6 million and borrowings drawn under the revolving credit facility, net of debt raising costs, and finance leases stood at £37.7 million giving the group a net cash position of £0.4 million.
Benchmark Holdings plc is a United Kingdom-based aquaculture biotechnology company. The Company is focused on providing specialized mission-critical solutions in three complementary areas: genetics, health, and advanced nutrition. The Company operates through three segments: Genetics, Advanced Nutrition, and Health. The Genetics segment is salmon breeding technology combined with production facilities to provide a range of genetic merit ova. The Advanced Nutrition segment manufactures and provides nutrition and health products to the global aquaculture industry. The Health segment is focused on providing health products to the global aquaculture market. The Company has portfolio of various aquaculture species, such as salmon, shrimp, sea bass and sea bream, and tilapia in all the aquaculture regions around the world.