First Impression: Vitaco Holdings (VIT) FY16 Result
Reported net loss $9.1m (IPO listing costs and Musashi integration costs) | Full year China sales $22.0m, up 38.4% on the pcp |EBIT up 4% to $20.8m .Proforma Segment Performance: Vitamins and Dietary supplements- Revenue up 26%, EBIT up 50.4% to $17.0m, margin 17%; Sports and Nutrition- Revenue up 21.6%, EBIT down 9.6% to $17.7m, margin 15.8% | Net operating cash flow $4.7m, as compared to $14.8m in pcp.
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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.
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