76.8% growth in statutory net revenue in FY 18: Amaysim Australia Ltd.’s (ASX: AYS) stock rose 5.23% on August 27, 2018 after the company for FY 18 reported 76.8% growth in statutory net revenue to $577.6 million due to strong contribution of energy, subscriber growth across the Group and new product launches.
In FY 18, Statutory EBITDA is up 11% to $37.6 million. However, Underlying NPATA fell 11.2% to $22.4 million due to an increased depreciation of technology investment and financing costs related to acquisition funding. On the other hand, Ms Leanne Wolski, Chief Financial Officer will retire from the company, effective from 26 October 2018. Meanwhile, AYS stock has risen 25% in three months as on August 24, 2018.
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