AUS
NZ
UK
CA
USA
FRA
GER
ESP
ITA
NLD
PRT
SWE
GRC
IND
POL
BRA
ZAF
RUS
CHN
UAE
Asaleo Care presented 2018 half year results for the 6 months ended 30 June 2018 on Tuesday 21 August 2018. Personal care company reported underlying Net Loss After Tax (NLAT) of $101.5 million for 1H18 compared to $27.7 million profit in the previous corresponding year. The statutory result includes non-cash one off impairment cost of $148.5 million.
Underlying 1H18 earnings before interest tax, depreciation and amortization declined 24% to $46.3m which includes Tissue EBITDA of $20.0m, down 38.8%, and Personal Care EBITDA of $26.3m, down 6.7% on 1H17. Revenue decreased by 9% to $267.2 million in first half of 2018 due to lower retail sales volumes and higher costs.
[optin-monster-shortcode id="wxhmli4jjedneglg1trq"]The group has achieved price increase during the reporting period but there has been no price increase from their rivalries. As a result, sales volumes lowered down in price negotiation with customers. The company reported weaker returns with 3.3 cents earning per share and 12% return on invested capital for 1H18.The board has declared no interim dividend for the half year 2018.
In FY18 guidance, company forecasts $80 million to $85 million underlying EBITDA.
Despite receiving announcement on lower sales volume and resultant losses incurred during the first half of 2018, investors continued to inject money in personal care provider, AHY as share price moved up by 11.9% to $0.795 on Tuesday (as the result was earlier expected to be much worse than what has been reported).
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 companyâs 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. Kalkineâs team of analysts bought you handpicked report for âTop 25 Dividend Stocks For 2018.â
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.
Disclaimer
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. Kalkinemedia.com 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.
