LogiCamms well positioned following strong 2015 results
27 August 2015
Professional engineering and consulting services company, LogiCamms Limited (ASX: LCM) announces FY15 net profit after tax (NPAT) of $8.3 million (FY14: $5.0 million), in line with market guidance. The NPAT included a $0.9m R&D tax benefit.
The Company reported earnings before interest, tax, depreciation and amortisation (EBITDA) of $12.1 million, which represents an increase of more than 80% over the prior year (FY14: $6.7 million). The strong improvement in profitability was based on revenue of $133.8 million, an increase from $127.9 million in FY14.
Managing Director, Steve Banning said, “LogiCamms has delivered a sustainable increase in profitability supported by strong project performance and continued operational improvements, in spite of challenging market conditions.”