Embelton Limited Reports Consolidated Earnings Results for the Half Year Ended December 31, 2016
February 21, 2017 at 10:54 pm EST
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Embelton Limited reported consolidated earnings results for the half year ended December 31, 2016. For the period, the company reported revenue of AUD 23,748,000 compared to AUD 21,799,000 a year ago. Profit before income tax expense of AUD 1,812,000 compared to AUD 1,369,000 a year ago. Net profit for the period attributable to equity holders of the company was AUD 1,148,000 compared to AUD 955,000 a year ago. Earnings per basic and diluted share from continuing operations were 53.2 cents compared to 44.3 cents a year ago. Net cash provided by operating activities was AUD 817,000 compared to AUD 861,000 a year ago. Payments for property, plant and equipment were AUD 171,000 compared to AUD 201,000 a year ago. Net tangible asset per ordinary share was 6.81 cents compared to 6.20 cents a year ago.
Embelton Limited is a wholesale distributor of flooring and other products. The Company's principal activities consist of manufacture and distribution of flooring products, structural noise and vibration control systems, metal fabrication, rubber and cork sheeting, and other industrial products. The Companyâs segments include Commercial, Merchandising and Manufacturing. Commercial segment comprises the supply and installation of various building materials and installation on commercial projects. Merchandising segment comprises the sale of various building materials into all other sectors. Manufacturing segment is engaged in manufacturing operations supply to both market segments. Its flooring and consumer products include timber, bamboo, hybrid, laminate, adhesives and finishes, among others. Its industrial and construction products include structural noise and vibration isolation systems, anti-vibration mountings - springs and rubber, recycled and natural rubber sheets, among others.