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Tassal reports slight revenue growth

AUSTRALIA
Wednesday, October 01, 2014, 03:50 (GMT + 9)

Tassal Group Limited reported an operating revenue of AUD 260.8 million (USD 227.5 million) for the 12 months ended 30 June 2014, which is a slightly lower result than that achieved in the previous fiscal year, amounting to AUD 266.3 million (USD 232.3 million). Besides, the firm informed a volume decline of 12.2 per cent in sales, which were 19,268 HOG equivalent tonnes. The company’s EBITDA grew 7.3 per cent, from AUD 59.2 million (USD 51.6 million) in the financial year 2013 to AUD 63.5 million (USD 55.4 million) in the same period this year. Besides, the EBIT showed a 10 per cent growth, changing from AUD 43.7 million (USD 38.1 million) in the 2013 financial year to AUD 48 million (USD 41.8 million) this year. The firm’s core market domestic revenue was slightly down 2 per cent to AUD 260.4 million (USD 227.2 million). With respect to the core domes... FULL STORY

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