GUD Holdings reports $7.3M NPAT loss in FY17

Company News

by Roma Christian

GUD Holdings Limited (ASX:GUD) has reported a $7.3 million net loss after tax in fiscal year 2017. It follows a net loss after tax of $43 million in fiscal year 2016.

The consumer and industrial product seller, says results were largely due to the sale of its Sunbeam, Lock Focus and Dexion businesses.

Company revenue for FY2017 was $426.3 million, which is an increase of 4 per cent from the previous year.

GUD’s EBITDA for the period was $87.7 million, which is a 3 per cent rise from last year.

Final dividend amount for the company is 25 cents, which is a 9 per cent increase from last year.

Shares in GUD Holdings Limited (ASX:GUD) are currently trading 0.99 per cent lower to $12.06.