Hills Limited (ASX:HIL) today announced its results for the full year ended 30 June 2016.
Results Summary
- EBITDA of $11.7million is 8.3% higher than February 2016 guidance
- Net debt down to $24.2million from $38.5million in December 2015
- Improved cash flow from operations by $22.4million
- Increased half on half Revenue, EBITDA1 and NPAT
- Improved Hills Health Solutions (HHS) EBITDA1 from a loss of $0.1million in 1HFY16 to a $1.4million profit in 2HFY16
- “Back to Basics” turnaround mostly complete, flattening of the organisation structure continues
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