First Impression: Invocare-IVC-Interim result
Net operating cash flow down 10.7% to $22.5m. Segment Result: Australia revenue was up 3.7%, EBITDA margin lat. | NZ revenue was down -6%, but EBITDA margin improved 265 bps y/y on tight payroll and marketing cost management. | Singapore sales rose 2.7% y/y while EBITDA margin decreased by 136 bps y/y on low case volumes. | The US business continues to be loss making (-US$1.4m EBITDA in 1H16); IVC is aiming to reduce the EBITDA loss to -US$1m in 2H16.
Never miss an update
Enjoy this wire? Hit the ‘like’ button to let us know.
Stay up to date with my current content by
following me below and you’ll be notified every time I post a wire
Welcome to Livewire, Australia’s most trusted source of investment insights and analysis.
To continue reading this wire and get unlimited access to Livewire, join for free now and become a more informed and confident investor.
Already have an account? Sign in here
Advertisement
Bell Potter Securities is a leading Australian stockbroking, investment and financial advisory firm that provides a comprehensive offering of financial services to a diversified client base that includes individuals, institutions and corporations.
1 stock mentioned
Comments
Comments
Sign In or Join Free to comment