Rakon Ltd (NZSE:RAK)

NZ$ 0.57 0 (0%) Market Cap: 130.99 Mil Enterprise Value: 129.62 Mil PE Ratio: 0 PB Ratio: 0.90 GF Score: 66/100

Half Year 2021 Rakon Ltd Earnings Call Transcript

Nov 18, 2020 / 10:00PM GMT

Release Date Price: NZ$0.39 (-2.50%)

Transcript

Operator

Ladies and gentlemen, thank you for standing by, and welcome to the Rakon's Half Year 2021 Results and Business Presentation. (Operator Instructions) Please note that this conference is being recorded today, Thursday, the 19th of November 2020.

I would now like to hand the conference over to the speakers today, Mr. Brent Robinson, CEO Managing Director; and Mr. Anand Rambhai, Chief Financial Officer. Thank you, gentlemen. Please go ahead.

Anand Rambhai

Rakon Limited - CFO

Good morning, and welcome to our half-year results presentation. My name is Anand Rambhai, and I will run through the financial results for the 6 months ended June 30, 2020, then pass over to Brent Robinson, who will take you through the key achievements for the period and provide a market update.

We move through to Slide #2. Okay. The snapshot compared to the same period last year, revenue was up $2.6 million, after-tax profit was up $3.3 million, EBITDA was up $4.5 million. Over the 6-month period, net debt reduced by $5.1 million to $2.8 million.

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