Laura Ashley Holdings plc Not Recommends Final Dividend for the Year Ended June 30, 2018; Reports Consolidated Earnings Results for the Year Ended June 30, 2018
The company reported consolidated earnings results for the year ended June 30, 2018. For the year, the company reported revenue of £257.2 million against £277.0 million a year ago. Profit from operations was £0.9 million against £8.9 million a year ago. Profit before taxation was £0.1 million against £6.3 million a year ago. Loss for the financial period was £1.4 million or 0.19 pence per basic and diluted share against profit for the financial period of £4.0 million or 0.55 pence per basic and diluted share a year ago. Adjusted earnings per share (excluding exceptional items) were 0.56 pence against 0.84 pence a year ago. Net cash generated from operations was £3.7 million against net cash used in operations of £12.9 million a year ago. Purchase of property, plant and equipment was £1.9 million against £0.5 million a year ago. Purchase of intangible assets was £0.4 million against £0.3 million a year ago. Net cash inflow from operations was £5.3 million against £5.8 million a year ago. Group profit before taxation, excluding exceptional items, was £5.6 million against £8.4 million a year ago.