Hills Limited
(ASX:HIL) today announced results for the year ended 30 June 2015 that were in line with the guidance issued in April 2015 and as confirmed on 7 August 2015.
Key Features
- Underlying net profit of $11 million in line with prior guidance;
- Impairments of $94 million booked in respect of goodwill, other intangibles, deferred tax assets and freehold property as advised earlier this month;
- Restructure and divestment now complete with the sale of remaining legacy businesses including Cygnus Joint Venture, Team Poly and Smart Bar;
- Transformation and integration of new businesses continues; and
- New debt facilities of $110 million in place.
For further information please download PDF attached:
