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EXCELSIOR CAPITAL LTD — Earnings Release 2022
Jun 27, 2022
64816_rns_2022-06-27_86fec2f7-a7ec-4e0a-8528-5c0b34d37c72.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
28 June 2022
ASX ANNOUNCEMENT
Excelsior Capital Limited (ASX: ECL)
Earnings Results Update - As at 31 May 2022
Group Results:
Excelsior Capital Limited (ASX:ECL) is pleased to advise that the group has performed extremely well throughout the financial year to 31 May 2022, with unaudited group EBIT of approximately $9.8 million YTD, FY22,($6.3 million YTD, FY21).
The Group’s full-year EBIT to 30 June 2022 is expected to exceed the prior year’s comparative period EBIT to 30 June 2021 by an amount greater than 15%.
CMI Electrical:
ECL’s 100% owned Electrical business, CMI Electrical, had unaudited gross revenue to 31 May 2022 of approximately $94 million, compared to $73 million for the prior comparative period. Management estimates that the full-year gross sales revenue to 30 June 2022 will be between $100 million to $105 million.
EBIT for CMI Electrical to 31 May 2022 was approximately $11 million, compared to $8 million for the prior comparative period. Management estimates that the full-year EBIT for the Electrical Business to 30 June 2022 will be approximately $11 million to $12 million.
The Company expects to release full-year audited results for FY22 along with its Appendix 4E and Financial Statements in August 2022.
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.