LogiCamms delivers strong operating results from a resilient business
21 August 2013
LogiCamms has announced a full year net profit after tax (NPAT) of $11.1 million (1H FY13: $5.6 million), up from last financial year’s NPAT result of $10.7 million.
The Company posted revenue of $129.5 million, up 5% on the previous corresponding period (pcp). Earnings before interest tax depreciation and amortisation (EBITDA) was up by 25% on the previous 12 months at $14.1 million, representing 10.9% margin on revenue.
Managing Director Steve Banning said, “We have delivered a strong operating performance in the 2013 financial year, which demonstrates the resilience of the business and the successful ongoing delivery of our strategy in a challenging operating environment.
“The business delivered growth at both the top and bottom line against the prior corresponding period, with a strong operating result, demonstrated by a 25% increase in EBITDA. This growth is largely attributable to our emphasis on operational excellence, focus on brownfield assets and our range of services geared to enhance and optimise the performance of our customers’ operations” he said.