Amaysim NPAT from continuing operations at a $7.4 million loss

Company News

by Rachael Jones

Amaysim Australia (ASX:AYS) today announced its results for the full year ending 30 June 2019 showing statutory net revenue of $508.3 million, up 7.8 per cent on last year.

On a comparable basis, net profit after tax from continuing operations was down 153 per cent at a loss of $7.4 million.

This is mainly attributable to a non-cash impairment charge of $15.7 million related to acquired Click Energy intangible assets recognised in the first half of the financial year

They achieved financial results in-line with FY19 guidance and strategy for long-term growth with statutory EBITDA of $43.9 million.

Movement of note saw the company launch the first subscription energy plans in Victoria in April 2019

Shares in Amaysim Australia (ASX:AYS) closed -1.47 per cent lower at $0.67 on Friday.

 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.