How Did The 4 NZX Stocks Perform In Financial Results - GSH, SMW, GEO, TGG?

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Financial results of a company are of prime importance for all its investors and stakeholders. They reflect the financial health and performance of any company, as well as influence the market trends.

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Let us see some of financial reports declared by the 4 NZX stocks on 1 March 2021.

Good Spirits Hospitality Limited

NZ based hospitality company, Good Spirits Hospitality Limited (NZX:GSH), released its interim financial statements for the period ended 31 December 2020. Due to COVID 19 related challenges, there has been a considerable impact on the Company’s revenue and earnings.

Some of the pointers from the same are as follows:

  • Operating Profit before significant items saw a decrease from $1.99 million in 2019 to $1.14 million in the said period.
  • Net cash from operations declined to $1.6 million from $2.6 million in 2019.
  • No interim dividend has been declared by the Group.
  • Further, an unaudited net loss after tax was $121k for the six-month period down by 142.5%, as compared to $292k profit in 2019 owing to restrictions and closure of venues for 8 weeks pertaining to the pandemic.

Also, on 17 February 2021 the Company announced it had entered a deal of about $3.4 million to acquire 3 highly profitable hospitality venues in Wellington’s CBD.

Duncan Makeig, Chairman, GSH stated that the Company is focused on profitable growth and thanked its staff for their untiring efforts amid the pandemic.

On 1 March 2021, at the time of market close, GSH stock was up by 2.63% at $0.078.

SMW Group Limited

SMW Group Limited (NZX:SMW) released its interim reports ended 31 December 2020.

Some of the major highlights are as follows:

  • The Group reported a robust 1H FY21 with statutory revenue of $27.9 million at the end of the six months period.
  • However, the Group had a $0.2 million statutory EBITDA loss owing to costs pertaining to acquisition expensed to profit and loss during the said period.
  • Also, SMW generated $2.4 million as net loss after income tax in 1H FY21.
  • It is pointed out due to increased focus on safety and process alignment, the Group witnessed a decline by 32.5% in the number of incidents across of its facilities during 1HFY21 as compared to pcp.
  • Further, with the acquisition of All Industrial Network Limited (AIN) on 8 July 2020, SMW is now in a better position to serve its customers, help in undertaking larger contracts and enhance the overall business operations.

On 1 March 2021, at the time of market close, SMW stock was down by 4.09% at $1.640.

Geo Limited

One of the fastest growing NZ companies, Geo Limited’s (NZX:GEO) announced its six-month financial results ended 31 December 2020.

A few highlights from the same are as follows:

  • The Company reported a decline in its half-year revenue by 7.4% to $2.1 million in 1H FY21 on pcp.
  • EBITDA grew by 91.1% to $(0.1) million from $(1.2) million on pcp, thus, reflecting improved efficiencies on both operating and overhead costs.
  • Improvement of 76.1% in operating and investing cash flows to $ (0.2) million at the end of 1H FY21.
  • Tim Molloy, CEO, GEO stated that the Company remains focused and strives for continued improvements.

On 1 March 2021, at the time of market close, GEO stock was up by 6.02% at $0.088.

T&G Global Limited

NZ’s leading producer of fresh fruits and vegetables, T&G Global Limited (NZX:TGG) released its annual report for the period closed December 2020, on 1 March 2021 delivering strong growth amid COVID-19.

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Some of the key highlights are enumerated below:

  • The Company’s operating profit was reported at $32.4 million, up $15.9 million on pcp.
  • The revenue saw a rise from $1.2 billion in 2019 to $1.4 billion in 2020.
  • Net PBT climbed to $22 million by the end of December 2020, up $10.3 million on pcp.
  • Also, NPAT witnessed a significant increase at $16.6 million at the end of the 12 months period, up $6.6 million on pcp.
  • Further, with the acquisition of Freshmax, NZ witnessed the creation of T&G Fresh. This strengthened businesses of both the companies, thereby combining to deliver enhanced revenue of $75.0 million, to $357.7 million in 2020.

Prof. Klaus Josef Lutz, T&G Global Chairman stated the Group is well- focused and continues to create and sustain a customer centric sector in Aotearoa.

On 1 March 2021, at the time of market close, TGG stock traded flat at $2.960.

(NOTE: Currency is reported in NZ Dollar unless stated otherwise)


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