Well done, RFG!
http://sa.iguana2.com/cache/8ea77364...RFG-197245.pdf
The Company’s EBIT for 1H08 was $16.0 million. This result represents an increase of 153.6% (or $9.7 million) over EBIT for the previous corresponding period ($6.3 million). The Company has now achieved approximately 51.8% of its forecast full year EBIT for FY08, and 50.0% of its proforma full year forecast of $32.0 million.
The Directors are satisfied and remain confident that the Company is well positioned to meet its FY08 proforma adjusted EBIT of $32.0 million.
The Company’s strong half-year result was primarily due to recent acquisitive activity together with robust new outlet openings and growth in franchised outlet average weekly sales and average transaction values.
The Company’s NPAT for 1H08 was $8.1 million. This result represents an increase of 106.8% (or $4.2 million) over NPAT for the previous corresponding period ($3.9 million).
EPS almost double from 5.5c to 10.1c
HOWEVER, operating cash flow is now almost a third...
Receipts from customers massively increased but so has payments to suppliers and employees.
THEY BETTER GET THEIR COST SYNERGIES IN PLACE SOON, OTHERWISE THIS CAN BE A DANGEROUS SITUATION WHEN LOADED WITH SO MUCH DEBT!