Very positive FY 2018 results8 Nov 2018 21:22
Great RNS today containing a lot of positives...
Highlights of FY 2018 Consolidated Results
· Cambria achieved record Profit after Tax (PAT) of US $1.96 million for FY 2018, a turnaround of $2.31 million from a loss of $349,000 in FY 2017. This profit was achieved on the back of a 10% increase in revenues to $9.44 million from $8.60 million in FY 2017.
· Earnings Per Share ("EPS") increased to 0.52 US cents, an increase of 0.64 cents from a loss of 0.12 cents per share in FY 2017. Excluding Once-Off Legal and Reorganisation Costs, EPS increased 88% to 0.68 cents from 0.36 cents in FY 2017.
· Consolidated EBITDA increased 179% to $3.45 million from $1.24 million in FY 2017. Before Once-Off Costs, Cambria increased its EBITDA by 72% to $3.78 million from $2.20 million.
· Cambria's Central Costs decreased a further 51% to $152,000 from $311,000 in FY 2017. The CEO continued to render services without compensations in FY 2018.
· Consolidated debt was reduced by 80% to $619,000 from $3.40 million at the end of FY 2017 after the partial conversion and repayment of VAL and Zimbabwe-domiciled loans. Of the remaining debt, $205,000 (33%) is domiciled in Zimbabwe.