Virgin Australia Holdings Limited (ASX: VAH)- Stock fell on $653.3 million loss

Virgin Australia Holdings Limited Stock fell on $653.3 million loss

Virgin Australia shares fell 4% to $0.240 on 29 August 2018 after the company announced statutory loss of $653.3 million for the year ended 30 June 2018, which is more than 200% of the loss reported last year.

However, group’s underlying profit before tax has increased by $113.3 million on FY17 to $109.6 million, delivering highest underlying profit since last ten years despite having fuel price pressure. Total group’s revenue has increased from $5,047.3 million to $5420.7 million in FY18 but losses continued to up-surge due to heavy non-cash adjustments and restricting charges.

[optin-monster-shortcode id=”wxhmli4jjedneglg1trq”]

The Virgin Australia (ASX: VAH) Domestic business recorded its highest EBITDA, EBIT and EBIT Margin results proceeded with negative earnings in international segment.

There has been record operating cash flow performance posting $570.4 million in net cash from operating activities, an improvement of 108.3% on FY17.

The flyer is set to expand its network between Australia and Hong Kong to improve links to Chinese mainland and secure more visitors. On FY19 outlook, the group is on track to deliver $400 million in annualized net Free Cash Flow savings by June 2019.

No dividends were declared or paid during the year ended 30 June 2018.

Dividend Stocks To Buy

The Income available from dividends remains attractive for many investors.

We take a look at the best yields on the market and assess what they say about a company’s prospect.

One Thing is certain, though, Australia interest rates are still low, making income difficult to come by and keeping the focus for many investors on high yielding stocks. Kalkine’s team of analysts bought you handpicked report for “Top 25 Dividend Stocks For 2018.”

ASX-relevant Special Reports are published year-round to provide a detailed analysis into an investing opportunity or a potential risk to your portfolio.

Click here to get your free report.


The advice given by Kalkine Pty Ltd and provided on this website is general information only and it does not take into account your investment objectives, financial situation or needs. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. and associated websites are published by Kalkine Pty Ltd ABN 34 154 808 312 (Australian Financial Services License Number 425376). website), employees and/or associates of Kalkine Pty Ltd do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations.

Join Our Discussion

Start discussion with value Investors for ASX Stock Market Investment and Opinion.

6 Cannabis Stocks under Investor’s Limelight…

Cannabis companies that sell both medicinal weed and recreational pot. Marijuana stocks to look at. Marijuana mergers and acquisitions. Dispensary data analytics. Upcoming marijuana IPO’s Those phrases have become increasingly common as marijuana legalization spreads.

Global spending on legal cannabis is expected to grow 230% to $32 billion in 2020 as compared to $9.5 in 2017, according to Arcview Market Research and BDS Analytics. As of June 29, 2018 the United States Marijuana Index, despite a lot of uncertainty around regulations, has over the past 1 year gained 71.49%, as compared to about 12% gain seen by the S&P 500.

Click here for your FREE Report