Embelton Limited Reports Consolidated Earnings Results for the Half Year Ended December 31, 2016
February 21, 2017 at 10:54 pm
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Embelton Limited reported consolidated earnings results for the half year ended December 31, 2016. For the period, the company reported revenue of AUD 23,748,000 compared to AUD 21,799,000 a year ago. Profit before income tax expense of AUD 1,812,000 compared to AUD 1,369,000 a year ago. Net profit for the period attributable to equity holders of the company was AUD 1,148,000 compared to AUD 955,000 a year ago. Earnings per basic and diluted share from continuing operations were 53.2 cents compared to 44.3 cents a year ago. Net cash provided by operating activities was AUD 817,000 compared to AUD 861,000 a year ago. Payments for property, plant and equipment were AUD 171,000 compared to AUD 201,000 a year ago. Net tangible asset per ordinary share was 6.81 cents compared to 6.20 cents a year ago.
Embelton Limited provides a service of installation of flooring and other products. Its principal activities consist of the manufacture, distribution and installation of flooring products and services, structural noise and vibration control systems, metal fabrication, rubber and cork sheeting and other industrial products. Its segments include Commercial, Merchandising and Manufacturing. Commercial segment comprises the supply and installation of various building materials and installation on commercial projects. Merchandising segment comprises the sale of various building materials into all other sectors. Manufacturing segment is engaged in manufacturing operations supplying both market segments. Its flooring and consumer products include wooden parquetry flooring, prefinished and natural strip flooring, timber, hybrid, laminate and vinyl flooring and others. Its industrial and construction products include spandex cork jointing, other jointing media, tube and pipe bending and others.