AI assistant
EVZ LIMITED — Earnings Release 2011
Feb 20, 2011
64889_rns_2011-02-20_648ac936-c3bd-440f-a489-8289bfe336ee.pdf
Earnings Release
Open in viewerOpens in your device viewer
==> picture [179 x 213] intentionally omitted <==
21 February 2011
ASX release
EVZ first half earnings guidance
EVZ Limited (ASX: EVZ) today confirmed that the Company had returned to growth, with the first half of the 2011 financial year (1H11) representing a significant turnaround from the previous six month period.
Earnings Before Interest and Tax (EBIT) for 1H11 is expected to be approximately $1.6 million (2H10: loss of $0.6 million)reflecting on budget performances for the six months from Brockman Engineering, Syfon Systems and TSF Engineering. In addition Danum Engineering has been able to significantly improve its performance compared to the previous six month period. The EBIT guidance is based on internal management accounts and is subject to audit review.
The Directors also wish to advise that EVZ is compliant with its bank covenant.
EVZ expects to release its Half-Year accounts to the market on 28 February 2011.
For further information, please contact: Andrew Powis Chief Executive Officer EVZ Limited Tel: +61 3 9545 5288 Mobile: 0418 564 466 E: [email protected]
About EVZ Limited (ASX code: EVZ)
EVZ is an emerging industrial group with a portfolio of specialist businesses in the engineering services sector. EVZ operates in the areas of engineering, power and water through their established businesses, Syfon Systems, Brockman Engineering, Danum Engineering, National Engineering and TSF Engineering. These businesses have strong positions in their respective markets with exceptional growth opportunities.