Benchmark Holdings plc Announces Consolidated Earnings Results for the Year Ended September 30, 2017
January 23, 2018 at 02:08 am
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Benchmark Holdings plc announced consolidated earnings results for the year ended September 30, 2017. For the year, the company reported revenue of £140,172,000 compared to £109,375,000 a year ago. Adjusted EBITDA was £10,039,000 compared to £9,228,000 a year ago. EBITDA was £15,688,000 compared to LBITDA of £3,863,000 a year ago. Operating loss was £7,662,000 compared to £20,471,000 a year ago. Loss before taxation was £8,100,000 against £22,384,000 a year ago. Loss for the year was £7,120,000 compared to £18,346,000 a year ago. Loss for the year attributable to owners of the parent was £7,440,000 compared to £18,337,000 a year ago. Loss per basic and diluted share was £1.43 compared to £4.39 a year ago. Net cash flows from operating activities was £13,379,000 compared to net cash used in operating activities of £10,532,000 a year ago. Purchases of property, plant and equipment was £32,740,000 compared to £18,660,000 a year ago. Net debt increased as expected to £23.9 million, including £6.0 million of ringfenced non-recourse debt used to part fund genetics capital expenditure. Adjusted PBT was £6.3 million against £5.2 million a year ago.
Benchmark Holdings plc is a United Kingdom-based aquaculture biotechnology company. The Company is focused on providing specialized mission-critical solutions in three complementary areas: genetics, health, and advanced nutrition. The Company operates through three segments: Genetics, Advanced Nutrition, and Health. The Genetics segment is salmon breeding technology combined with production facilities to provide a range of genetic merit ova. The Advanced Nutrition segment manufactures and provides nutrition and health products to the global aquaculture industry. The Health segment is focused on providing health products to the global aquaculture market. The Company has portfolio of various aquaculture species, such as salmon, shrimp, sea bass and sea bream, and tilapia in all the aquaculture regions around the world.