Ridley Corporation Limited Reports Unaudited Consolidated Earnings Results for the Half Year Ended December 31, 2017
February 13, 2018 at 05:53 pm EST
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Ridley Corporation Limited reported unaudited consolidated earnings results for the half year ended December 31, 2017. For the period, the company reported, revenue of AUD 449,285,000, profit before income tax of AUD 16,030,000, net profit after tax attributable to members of the company of AUD 12,528,000, net cash inflow from operating activities of AUD 18,903,000, payments for property, plant and equipment of AUD 15,397,000, payments for intangible assets of AUD 2,094,000, compared to revenue of AUD 422,452,000, profit before income tax of AUD 18,551,000, net profit after tax attributable to members of the company of AUD 14,101,000, net cash outflow from operating activities of AUD 10,469,000, payments for property, plant and equipment of AUD 21,866,000, payments for intangible assets of AUD 1,040,000, for the same period a year ago. Basic and diluted earnings per share were AUD 4.1 against AUD 4.6 a year ago. Maintenance capital expenditure was AUD 8.3 million against AUD 7.3 million a year ago. Closing net debt balance at December 31, 2017 was AUD 55.2 million against AUD 79.7 million a year ago. EBIT from Continuing Operations was AUD 18.3 million against AUD 17.6 million a year ago. EBITDA from operations was AUD 27.3 million against AUD 26.8 million a year ago. Operating cash flow was AUD 15.2 million against operating cash outflow of AUD 6.6 million a year ago. Cash outflow for the period was AUD 3.7 million against AUD 38.7 million a year ago.
Ridley Corporation Limited is an Australia-based company that is engaged in the production of animal nutrition solutions. The Company operates through two segments: Packaged Feeds and Ingredients and Bulk Stockfeeds. The Packaged Feeds and Ingredients segment comprises animal nutrition feed and ingredient solutions delivered in packaged form, ranging from one ton down to three kilograms bags. It also includes the Aquafeed Business Unit. The Bulk Stockfeeds segment includes animal nutrition stockfeed solutions delivered in bulk. Its product categories include packaged products, Monogastric Commercial Feeds, Ruminant Commercial Feeds, Aqua Feeds and Rendered Ingredients. It provides nutritional feed to a range of species, including dairy cows, poultry, pigs, beef cattle, horses, sheep, dogs, rodents, and native animals at all stages of life. The Company provides its products under the brand names Barastoc, Cobber, Rumevite, Primo, and Ridley.
RIDLEY CORPORATION LIMITED 
