Villa World Ltd Delivered 2018 NPAT at the top end of company’s guidance

  • Aug 15, 2018 AEST
  • Team Kalkine
Villa World Ltd Delivered 2018 NPAT at the top end of company’s guidance

2018 NPAT at the top end of company’s guidance: Villa World Ltd.’s (ASX: VLW) stock rose 3.68% on August 15, 2018 after the company for FY 18 reported 15% growth in the statutory net profit after tax to $43.6 million, which is at the top end of company’s guidance of NPAT expected to be between $42 million and $44 million. The company has posted 39% rise in sales to 1,678 and the average sales rate increased to 140 per month from 101 per month in FY17, due to a strong full year contribution from flagship projects released in FY17 and Lilium that was launched in early 2Q18.

As a result, the company has posted the revenue of $441.6 million in 2018 compared to $386.8 million in FY17. The company has carried forward 845 sale contracts with a gross value of $278.1 million compared to 526 contracts worth $175.7 million in FY17.

Additionally, for FY 19, VLW expects statutory profit after tax of approximately $40 million. The company expects paying total dividends of 18.5 cents per share fully franked in FY19. The 1H19 dividend is expected to be 8 cps. On the other hand, VLW stock has fallen 13.20% in three months as on August 14, 2018  and is trading at a P/E of 7.56x.

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