Integral Diagnostics 1H18 revenue increases 5.8% | Finance News Network

Integral Diagnostics 1H18 revenue increases 5.8%

Company News

by Kathy Skantzos

Radiology company Integral Diagnostics (ASX:IDX) has reported a 5.8 per cent increase in operating revenue to $92.8 million in the first half of the 2018 financial year, compared to the same time last year.

Underlying EBITDA is up 12.4 per cent to $19 million, compared to $17 million in the first half of 2017.

Underlying NPAT increased 23 per cent to $9 million compared to $7.5 million previously, and expects to achieve its full year normalised NPAT growth of around 20 per cent.

Free cash flow has increased 70 per cent to almost $18 million compared to $10 million, with a 93 per cent conversion compared to 62 per cent previously.

The company’s net debt has reduced by 16 per cent to $42.3 million by the end of the 2017 year, compared to $50.6 million a year ago.

A dividend of 4 cents a share is expected to be paid out in March 2018.

Shares in Integral Diagnostics (ASX:IDX) are trading 0.88 per cent higher at $2.30.

Kathy Skantzos

Finance News Network
Kathy presents the Market Outlook and ASX company news. She joined FNN in September 2017. She has been in print and online journalism for over 9 years. She also worked in corporate communications.