Embelton Limited Reports Consolidated Earnings Results for the Half Year Ended December 31, 2017
February 26, 2018 at 10:54 pm EST
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Embelton Limited reported consolidated earnings results for the half year ended December 31, 2017. For the period, the company reported revenue of AUD 23,938,000 compared to AUD 23,748,000 a year ago. Profit before income tax expense of AUD 2,102,000 compared to AUD 1,812,000 a year ago. Net profit for the period attributable to equity holders of the company was AUD 1,443,000 compared to AUD 1,148,000 a year ago. Earnings per basic and diluted share from continuing operations were 66.9 cents compared to 53.2 cents a year ago. Net cash used in operating activities was AUD 240,000 compared to net cash provided by operating activities of AUD 817,000 a year ago. Payments for property, plant and equipment were AUD 2,532,000 compared to AUD 171,000 a year ago. Net tangible asset per ordinary share was 7.11 cents compared to 6.81 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.