PROFIT GUIDANCE FOR THE YEAR ENDING 30th JUNE 2022
F.F.I. Holdings Ltd. (the Company) wishes to advise that based on unaudited draft
financial reports and other management information, the Company expects to report a net
profit before tax of approximately $1.80 million for the full year ended 30th June 2022.
The net profit before tax for the previous corresponding year, after excluding the income
relating to compensation received from the Main Roads of Western Australia, was $4.69
million.
The year has proven to be an extremely difficult trading period for the Company, with
significant increases in many of the Company’s major input costs, including raw
materials, freight and labour. The expected profit result has also been negatively
impacted by problems with raw materials and inventory recoveries and supply chain
disruptions during the year.
The Company’s management team is continuing to work with customers and suppliers to
restore profit margins while improvements to internal processes and controls are expected
to improve raw material recoveries in the future.
F.F.I. Holdings Ltd. (the Company) wishes to advise that based on unaudited draft
financial reports and other management information, the Company expects to report a net
profit before tax of approximately $1.80 million for the full year ended 30th June 2022.
The net profit before tax for the previous corresponding year, after excluding the income
relating to compensation received from the Main Roads of Western Australia, was $4.69
million.
The year has proven to be an extremely difficult trading period for the Company, with
significant increases in many of the Company’s major input costs, including raw
materials, freight and labour. The expected profit result has also been negatively
impacted by problems with raw materials and inventory recoveries and supply chain
disruptions during the year.
The Company’s management team is continuing to work with customers and suppliers to
restore profit margins while improvements to internal processes and controls are expected
to improve raw material recoveries in the future.
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i hold FFI
well above my ‘top-up’ target currently
no mention of a div. ( so will assume there will be none until informed otherwise )
take care
( am nicely up on this currently , but that could change even tomorrow )
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