Australian Dairy Nutritionals Group (ASX: AHF) produces dairy products. The Company offers milk, butter, yogurt, yogurt, and other dairy products. Australian Dairy Nutritionals Group has its operations in Australia.
The company has through the latest release on ASX stated that the Board is pleased to confirm that Flahey’s Nutritionals has successfully registered the Flahey’s Future trademark in China in class 5, which includes infant formula and a range of other nutritional powders and supplements.
Securing this trademark protection was an essential step in the Group’s future plans to enter the Chinese market with a range of premium Infant Formula and Nutritional products.
For the FY 2018, the company registered a net loss attributable to the shareholders' post-tax of $4,157,653 (2017: $2,179,348). This loss was attributable to the dairy processing segment amounting to $ 1,380,104, the dairy farm segment amounting to $245,552 and ultimately the corporate and financing cost which was clocked at $2,531,997.
The total income for the FY 2018 ended 30 June 2018, came in at $19,902,214, down 20% against the 2017 comparative period of $24,972,709. This fall was on account of a $ 5,124,991 decrease in the revenues from their dairy processing segment which was partially offset by the $54,496 increase from the dairy farm segment.
The company incurred a total expense of $ 24,059,867 for the year ended 30 June 2018 vis-à-vis $27,152,057, which was recorded for the corresponding prior period. The expenses were down by 11% on a YoY basis. This was on account of the fall seen in the expenses from the dairy processing segment which fell by $3,717,967 during the year, partially offset by an increase in the from the dairy farm segment as well as the corporate costs and bank facility finance charges which rose by $524,618 & $101,159 respectively during the fiscal year.
The net assets of the Group at 30 June 2018 total $30,474,171, an increase of $1,809,973 from 2017 comparative.
The key assets and liabilities in the statement of financial position at 30 June 2018 are:
Cash and cash equivalents of $2,331,700 (2017: $1,577,264);
Property, plant and equipment of $25,834,763 (2017: $25,973,270);
Intangible assets of $6,643,045 (2017: $6,649,168);
Biological assets (livestock) of $5,205,774 (2017: $5,426,719); and
Total borrowings of $10,478,421 (2017: $10,602,361).
Now let us quickly look at the company’s stock performance over the last few months. Currently, it is trading at a price of $0.130, up by 4% during the day’s trade, with a market capitalization of circa $33.41 Mn as on 22 January 2019. The stock opened at $0.130, reached a day high of $0.135 & a day’s low of $0.125. The company has yielded a YTD return of 4.17% and also posted returns of -24.24%, -3.85 % and 8.70 % over the last six months, three months and one-month period respectively as on 21 January 2019. It has a 52-week high price of $0.250 and a 52-week low of $0.099, with an average volume of 116,330 approximately.
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