HIGHLIGHTS17 Jun 2020 14:55
Group Results Highlights
· Revenue growth once again strong at 27% reaching $32.4 million (2018: $25.5 million)
o Total franchise System-wide sales (franchisee gross sales from which royalty income is derived) and corporate-operated sales of approximately $125 million
o Sales footprint across the United States and in UK, Australia, and Canada creates distribution platform for matrix of residential, commercial, and municipal products and solutions
· Profit before tax growth exceeds revenue growth at 34% reaching $2.4 million (2018: $1.8 million)
o Profit before tax adjusted for non-core costs (non-recurring, amortization, and share-based payments) grows 34% to $3.4 million (2018: $2.5 million)
· EPS (fully diluted) grows 22% to 11.1 cents (2018: 9.1 cents)
· Balance sheet strong at 31 December 2019
o Cash: $5.3 million
o Cash net of borrowings: $2.0 million