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EXCELSIOR CAPITAL LTD — Earnings Release 2021
May 11, 2021
64816_rns_2021-05-11_57c6fbd8-f8f2-4e3a-95ea-6abbd4795926.pdf
Earnings Release
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Excelsior Capital Limited ABN 98 050 542 553 Level 29, Chifley Tower, 2 Chifley Square Sydney, NSW, 2000
Telephone: (02) 9216 9043 Email: [email protected] www.cmilimited.com.au
12 May 2021
ASX ANNOUNCEMENT
Excelsior Capital Limited (ASX: ECL)
Results Update - As at 31 March 2021
Group Results:
Excelsior Capital Limited (ASX:ECL) is pleased to advise that the group has performed well throughout the financial year to 31 March 2021, with unaudited group EBIT of approximately $5.0 million for the period.
The Group’s full-year EBIT to 30 June 2021 is expected to exceed the prior year comparative period EBIT to 30 June 2020 by an amount materially greater than 10%.
CMI Electrical:
ECL Electrical Business, gross sales revenue to 31 March 2021 was approximately $60 million, compared to $48 million for the period to 31 March 2020. Management estimates that the fullyear gross sales revenue to 30 June 2021 will be approximately $75 million to $80 million.
EBIT for the Electrical Business to 31 March 2021 was approximately $6.0 million, compared to $5.0 million for the period to 31 March 2020. Management estimates that the full-year EBIT to 30 June 2021 will be approximately $8.5 million.
This announcement has been authorised for release to ASX by the Board.
-ENDS
For further information, please contact:
Danny Herceg Non-Executive Director [email protected]
About Excelsior (ASX: ECL): Excelsior is a Listed Investment Entity, originally established in 1991, and listed on the ASX in 1993. Excelsior Capital Limited’s operations comprise the design and distribution of electrical components and cables for resource and infrastructure applications through its Electrical Division and an investment portfolio.