BWX Limited (ASX: BWX) has finally released its results for the year ended 30 June 2018 which were earlier supposed to be announced on 15 August 2018. Earnings before interest tax, depreciation and amortization (EBITDA) downgraded on guidance range of $42 million to $48 million while it grew 52.4% to $40.3 million in FY18.
Companyâs FY18 revenue more than doubled on previous year results to $148.7 million delivering statutory net profit after tax of $19.2 million, up 42.9% on FY17. Basic earnings per share rose 18.9% to 17 cents per share in FY18.
Furthermore, the company has incurred acquisition and restructuring costs of $5.0 million including amount spent on acquisition of Nourished Life and Andalou Natural businesses.
The Board declared fully franked final dividend of 4.2 cents per share, bringing FY18 total dividend to 7.45 cps. This final dividend is payable on 12 October 2018 to shareholders entitled for dividend on record date of 6 September 2018.
Bain Consortiumâs non-binding indicative proposal to acquire 100% of the shares in BWX rests under review which is expected to be completed by mid-September.
Not so surprising results dragged down BWXâs stock by 1.258% to $4.710 on 29 August 2018 (3:44 PM AEST).
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