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Trilogy expects net profit growth of more than 300%
Trilogy expects net profit growth of more than 300%
Trilogy International Limited (NZX: TIL) said today in an earnings update that it expects net profit before tax for the financial year ending 31 March 2015 to be greater than $4m, which is an increase of more than 317% on the $1.26m achieved for the previous year to 31 March 2014.
Revenue is expected to be in excess of $35m, which is
an increase of more than 18% on revenue for the previous
financial year.
CEO Stephen Sinclair said that the
financial year to date had been underpinned by improved
performance from Trilogy in Australia, due to the
appointment of new distributor McPherson’s Consumer
Products (MCP) together with continuing growth and
profitability from the Ecoya brand.
The Ecoya brand
reached profitability for the first time in the first six
months of this financial year and this profitability has
continued to grow during the second six month period,
including the Christmas gifting period.
This earnings
update is based on unaudited actual financial results to
January 2015 and a forecast for the remaining period to 31
March 2015. Trilogy will announce its final audited results
for the year before 31 May 2015.
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