Atlas Pearls and Perfumes Ltd. Announces Audited Consolidated Earnings Results for the Year Ended June 30, 2017
August 28, 2017 at 03:15 am EDT
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Atlas Pearls and Perfumes Ltd. announced audited consolidated earnings results for the year ended June 30, 2017. For the year, the company reported revenue from continuing operations of AUD 16,355,404 compared with AUD 18,434,855 for the same period a year ago. Normalized earnings before interest, tax, depreciation and amortization (Normalized EBITDA) was AUD 1,016,000 compared with AUD 3,762,000 for the same period a year ago. EBIT was AUD 1,062,000 compared with AUD 3,076,000 for the same period a year ago. Profit attributable to owners of the company was AUD 900,581 or 0.21 cents per basic and diluted share compared with AUD 968,103 or 0.23 cents per basic and diluted share for the same period a year ago. Profit before income tax was AUD 804,487 compared with AUD 2,787,145 for the same period a year ago. Profit after income tax for the period from continuing operations was AUD 900,581 compared with AUD 968,103 for the same period a year ago. Net cash used in operating activities was AUD 70,077 compared with net cash in operating activities of AUD 2,487,228 for the same period a year ago. Payments for property, plant and equipment was AUD 1,307,180 compared with AUD 451,502 for the same period a year ago.
Atlas Pearls Limited is an Australia-based pearling business company. The Company is a producer of South Sea pearls, specializing in white and silver pearls. The Company operates approximately seven pearl farms throughout the Indonesian archipelago, from the national park lands of Banyu Biru to Flores, and as far east as West Papua. The Company is a fully integrated business including hatchery, seeding, harvesting, grading, trading, design and manufacturing capabilities to sell directly to customers through wholesale partners and via its retail outlets. The Company provides a range of products, such as DOUBLE PEARL BRACELET, CAGE PENDANT, KESHI STUDS, VINE RING, SIMPLE SHEPHERD HOOK EARRINGS, TOP HAT PENDANT, SICKLE PEARL RING, NEOPRENE PEARL BRACELET, FLAT BUTTON STUDS, BUBBLED RING, NEOPRENE PEARL BRACELET, FIXED PENDANT, FILAGREE CUP STUD, FLOWER FILAGREE PENDANT, PAVED DIAMOND PENDANT, OPEN PETAL RING, SIMPLE SHEPHERD HOOK EARRINGS and CAGE PENDANT.