financials out: revenue flat, debt and earnings up ...
Looks like percy got it sort of right when describing MVN as serial underperformer ...
Sales basically flat (slightly down in NZ$ terms).
EBITDA and NPAT somewhat more rosy: up (NPAT +20%)
Divvie 4cts, fully imputed (no surprises)
NZ slightly down, Australia doing ok-ish (but nothing outstanding), UK earnings up (from a low base) and China experiment was a flop (though factory doing o.k.).
Net debt up by 57% - though liabilities to assets hardly changed at 47.6% (due to added Chinese factory - and again: high inventories);
What we get for free is again a cautiously optimistic outlook for a super long (15 months - they change the balance date) FY2016:
revenue up 5+ plus
Earnings up 15 ... 25%
Not sure, though whether that's just because they know the next FY will have 15 months?