Smiths City Group Limited Announces Unaudited Consolidated Earnings Results for the Six Months Ended October 31, 2017
January 28, 2018 at 02:57 pm EST
Smiths City Group Limited announced unaudited consolidated earnings results for the six months ended October 31, 2017. For the period, the company reported revenue of NZD 108,629,000 compared to NZD 113,919,000 a year ago. Profit before tax was NZD 2,000 compared to NZD 1,464,000 a year ago. Profit for the period was NZD 2,000 compared to NZD 1,370,000 a year ago. Net cash flow from operating activities was NZD 1,029,000 compared to NZD 1,845,000 a year ago. Purchase of property, plant & intangibles was NZD 2,109,000 compared to NZD 794,000 a year ago. As a result, group revenue for the six months fell 4.6% to NZD 108.7 million from NZD 113.9 million in the same period a year ago, with same store sales falling 5% to NZD 102.9 million from NZD 108.4 million in the same period a year ago.