AI assistant
ASSET VISION CO LTD — AGM Information 2014
Nov 26, 2014
64438_rns_2014-11-26_ba311fd4-2a1c-45fb-aa1c-6f615d40d52d.pdf
AGM Information
Open in viewerOpens in your device viewer
AGM Presentation November 2014
2014 Results
Highlights in Financial year 2014:
Successfully:
-
Raised $25m from the market
-
Completed the acquisitions outlined in the prospectus
-
Listed on the ASX on 2 December 2013
-
Completed the regime change for the acquired companies
-
Delivered a normalised result in line with guidance
Subsequent to the financial year
-
Paid a 3 cent dividend
-
Completed the acquisition of Pure Hacking Pty Ltd
Page 2
2014 Results
Highlights - Financials
-
EBIT in line with guidance on normalised basis:
-
Revenue $63.32m (Actual $35.9m)
-
EBIT $6.72m (Actual $4.6m)
-
Improved last quarter trading:
-
People performed well and to expectations
-
Security results improved and industry continues to grow
-
Communications down due to orders not being fulfilled by June
-
Cash flows very good - profits turned to cash quickly.
Page 3
Outlook
-
First quarter results were in line with expectation.
-
Recent acquisition Pure Hacking performing well.
Communications business has been strong with significant pipeline.
Security industry continues to grow.
-
People business remains steady.
-
Organic and acquisitive growth opportunities exist across all segments.
Q4 performance will be important to full year results.
There is much to do but the opportunity is exciting.
Private & Confidential ~ PS&C Ltd
Page 4