Lasseters International Holdings Limited Reports Unaudited Group Earnings Results for the Six Months Ended December 31, 2017
Lasseters International Holdings Limited reported unaudited group earnings results for the six months ended December 31, 2017. For the period, the company reported revenue of AUD 29,571,000 against AUD 30,100,000 a year ago. Profit from operations was AUD 2,253,000 against AUD 2,293,000 a year ago. Profit before income tax from continuing operations was AUD 243,000 against AUD 69,000 a year ago. Loss for the financial period was AUD 318,000 against AUD 277,000 a year ago. Loss for the financial period attributable to owners of the parent was AUD 367,000 against AUD 357,000 a year ago. Net cash from operating activities was AUD 4,675,000 against AUD 3,030,000 a year ago. Purchase of property, plant and equipment was AUD 1,208,000 against AUD 1,094,000 a year ago. Basic and fully diluted basis loss per share was 0.08 cents against 0.07 cents a year ago. EBITDA was AUD 5.57 million against AUD 5.42 million a year ago. The result achieved was encouraging despite a backdrop of lower group revenue due to lower contributions from the group's property arm as most of the property development units were sold in previous financial years.