Empired Ltd posted FY 18 Unaudited results

FY 18 Unaudited results: Empired Ltd.’s (ASX: EPD) stock slipped by 2% post a rise of 1.48% on July 17, 2018 after the company for FY 18 delivered revenue of $174 million and underlying EBITDA of $17 million, which is a year-on-year increase of 4% and 10%. The operating cashflow rose 58% to $15.5 million. Further, the company has reduced the net debt to $9.3 million from $13.8 million at June 2018. Moreover, the company expects FY 2019 to be even stronger due to a good level of contracted work. EPD expects double-digit revenue, EBITDA, NPAT, and EPS growth for FY 2019. The company will continue year on year net debt reduction and post strong operating cash flow. Meanwhile, EPD stock has risen 23.30% in three months as on July 16, 2018 and is trading at a P/E of 22.14x.

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