Independent journal on economy and transport policy
18:30 GMT+1
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In the fiscal year the 2016 Austal group is incurred in a net loss
the result negative is determined by correlated extraordinary burdens to the program Littoral Combat Ship
August 29, 2016
After 12 fiscal years consecutive anniversaries concluded with a result clearly of positive sign, in the financial year 2016, that it is finished 30th june, the navalmeccanico group Australian Austal are incurred in a net loss that is piled to -84,2 million dollars Australian (USA 64 million dollars) respect to a profit of 53,2 million dollars clearly Australian in fiscal year 2015.
The Australian revenues have been attested to 1,34 billion dollars, with a decrease of the -5,3% on financial year 2015. EBITDA and EBIT have turned out both of sign negative and pairs to Australian -91,0 million and -120,9 million dollars regarding results of positive sign for Australian 109,5 million and 85,2 million dollars in exercise 2015.
The managing director of Austal, David Singleton, has specified that the results of financial year 2016, that has defined "unsatisfactory", are determined by the impact of the adjustments of value caused by the variation of the forecasts for the completion of the program of constructions of Littoral Combat Ship (LCS). "For Austal - it has specified Singleton - the completion of the remaining part of program LCS of the value of four billions of American dollars will generate profits because now we have an idea very clearer of the project and the margins that will be generated by remaining ships LCS".
In the financial year the 2016 value of the orderbook of the group is gone up to 3,4 billion dollars Australian regarding 3,1 billion in the exercise precedence.
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After 12 fiscal years consecutive anniversaries concluded with a result clearly of positive sign, in the financial year 2016, that it is finished 30th june, the navalmeccanico group Australian Austal are incurred in a net loss that is piled to -84,2 million dollars Australian (USA 64 million dollars) respect to a profit of 53,2 million dollars clearly Australian in fiscal year 2015.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
