Hills Limited (ASX: HIL) held its Annual General Meeting in Adelaide, South Australia today and announced that there had been a significant turnaround in the performance of the Company in FY18, delivering a net profit of $400,000, which was an improvement of $8.3 million over the prior year.
Hills Chairman, Ms Jennifer Hill-Ling, updated shareholders advising that nurse call, information technology (IT) and enterprise businesses were the stand out performers for the Company, with growth in sales revenue over FY17 of 26% for the Hills Health Solutions nurse call business, 20% in the IT business and 14% in the enterprise security and surveillance business.
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