Hills Limited (Hills, ASX:HIL) today announced its results for the half year ended 31 December 2014.
A summary of the half year results and update on Hills performance post 31 December 2014 is set out below:
Results Summary
- NPAT attributable to owners for the half year ending 31 December 2014 was $9.0M
- Underlying NPAT attributable to owners for the same half year period was $9.5M. The difference reflects adjustments for one-off or non-operating items (such as acquisition transaction costs expensed or one-off tax credits that reduce the tax expense)
- Prior period (6 months to 31 December 2013) results included the Steel businesses that were divested in February 2014
- Revenue of $229.5M for the half was up 11.1% on a comparable basis
- Net cash on hand (i.e. zero net debt) at 31 December 2014 was $1.7M
- New $110M 3-year core banking facility signed on substantially better terms and pricing than the previous facility
- 2.1 cents per share dividend declared (fully franked).
For further information please download PDF attached:
