Tenon Limited Reports Consolidated Earnings Results for the Year Ended June 30, 2014; Provides Earnings Guidance for the Full Year 2015
August 20, 2014 at 05:53 pm EDT
Tenon Limited reported consolidated earnings results for the year ended June 30, 2014. For the period, the company's revenue was $396 million against $364 million a year ago. Profit before taxation was $3 million against loss of $3 million a year ago. Net profit attributable to equity holders of the parent was $2 million or 2.4 cents basic and diluted per share against loss of $3 million or 4.8 cents basic and diluted per share a year ago. Net cash from operating activities was $6 million against net cash to operating activities of $8 million a year ago. Purchase of fixed assets was $2 million against $2 million a year ago. EBITDA more than doubled to $11 million against $5 million a year ago.
The company expects EBITDA to increase again in fiscal 2015, as US housing market recovers.