Silver Chef Limited Reports Unaudited Consolidated Earnings Results for the Six Months Ended December 31, 2017; Provides Earnings Guidance for the Full Year Ending June 30, 2018
February 26, 2018 at 01:56 am
Share
Silver Chef Limited reported unaudited consolidated earnings results for the six months ended December 31, 2017. For the six months, the company reported revenues of AUD 146,006,000 compared with AUD 137,805,000 for the same period a year ago. Loss before income tax was AUD 18,627,000 compared to profit of AUD 6,544,000 a year ago. Loss attributable to members of the company was AUD 13,055,000 compared to profit of AUD 4,581,000 a year ago. Basic and diluted loss per share was 33.34 cents compared to earnings of 12.85 cents a year ago. Net cash flows from operating activities were AUD 75,132,000 compared to AUD 72,761,000 a year ago. Payments for plant and equipment were AUD 146,277,000 compared to AUD 174,994,000 a year ago. Payments for intangible assets were AUD 626,000 compared to AUD 491,000 a year ago. Net tangible assets per share as of December 31, 2017 were 354.71 cents compared to 363.89 cents as of December 31, 2016. EBITA was AUD 58.8 million.
For the full year ending June 30, 2018, the company expects statutory net accounting loss in range of AUD 9 million compared to AUD 12 million a year ago. Underlying net profit after tax is expected to be between AUD 20 million compared to AUD 24 million a year ago.
SIV Capital Limited is an Australia-based company, which provides flexible equipment finance for hospitality businesses. The principal activities of the Company are renting and financing commercial equipment for businesses. The Company provides Compare Finance Products, Rent-Try-Buy, Rent-Try-Buy Calculator, Lease-to-Keep and Buy Back. The Company provides various equipment, including beverages, coffee machines and grinders, cooking, dishwashers and glasswashers, display cabinets, food preparation, refrigeration, stainless steel and furniture, and laundry. Its beverage equipment includes blenders, drink dispensers, granita/slushy machines, hot water urns, juice equipment, milkshake makers and other beverage equipment. Its coffee machines and grinders include coffee grinders, coffee roasters and other coffee equipment. Its cooking equipment includes Bratt Pans, Char Grills, Chicken Rotisseries, Combi Ovens, Contact Grills and others.
Silver Chef Limited Reports Unaudited Consolidated Earnings Results for the Six Months Ended December 31, 2017; Provides Earnings Guidance for the Full Year Ending June 30, 2018