GUD Holdings Limited Announces Unaudited Consolidated Earnings Results for the Half Year Ended December 31, 2017; Provides Earnings Guidance for the Fiscal Year 2018
January 30, 2018 at 09:53 pm
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GUD Holdings Limited announced unaudited consolidated earnings results for the half year ended December 31, 2017. For the half year, the company reported revenue of AUD 194,713,000 compared to AUD 176,142,000 a year ago. Results from operating activities were AUD 39,905,000 compared to AUD 35,708,000 a year ago. Profit before tax was AUD 35,627,000 compared to AUD 31,216,000 a year ago. Profit was AUD 25,849,000 compared to AUD 22,261,000 a year ago. Profit from operations, net of income tax was AUD 28,374,000 compared to AUD 17,670,000 a year ago. Profit attributable to owners of the company was AUD 28,374,000 compared to AUD 17,670,000 a year ago. Diluted earnings per share from continuing operations were 29.8 cents compared to 25.7 cents a year ago. Net cash provided by operating activities was AUD 20,596,000 compared to AUD 14,989,000 a year ago. Payments for property, plant and equipment was AUD 1,313,000 compared to AUD 2,194,000 a year ago. Underlying EBITDA was AUD 46,959,000 compared to AUD 42,368,000 a year ago. Underlying EBIT was AUD 44,742,000 compared to AUD 39,273,000 a year ago. Underlying profit from continuing operations after tax was up 16% to AUD 26,021,000. Underlying profit from continuing operations before interest and tax was up 12% to AUD 40,101,000. Total underlying profit before interest and tax was up 14% to AUD 44,742,000. Underlying diluted EPS was 30.0 cents compared to 25.8 cents a year ago.
The company is expected that underlying EBIT for the full year of fiscal 2018 will now be around AUD 90 million, including seven months' contribution from AA Gaskets and only six months from Oates.
Amotiv Limited, formerly G.U.D. Holdings Limited, owns a portfolio of companies specializing in providing automotive products and solutions that meet the evolving needs of its customers worldwide. The Companyâs divisions include 4WD Accessories and Trailering; Lighting, Power and Electrical; and Powertrain and Undercar. Its 4WD Accessories and Trailering division encompasses various brands, including AutoPacific Group (APG), Hayman Reese, CruiseMaster, ECB, Rola, Parkside, Trojan, Trail Boss, Kaymar, TriMotive, BestBars, Fully Equipped, Barden, X-Bar, Milford, and others. Its Lighting, Power and Electrical division is engaged in delivering advanced lighting, power, and electrical solutions. The division includes several brands, including Brown & Watson International (BWI), Projecta, Big Red Gear, Twisted Throttle, and others. Its Powertrain and Undercar division encompasses various brands, including Ryco Filters, AA Gaskets, Infinitev, Australian Clutch Services (ACS), and others.
GUD Holdings Limited Announces Unaudited Consolidated Earnings Results for the Half Year Ended December 31, 2017; Provides Earnings Guidance for the Fiscal Year 2018