Hellaby Holdings annual profit falls 30%, restructuring continues under Alan Clarke

Wed, 24 Aug 2016

By Sophie Boot Aug. 25 (BusinessDesk) - Hellaby Holdings, the diversified investment group, posted a 30 percent fall as restructuring under new chief executive Alan Clarke continues. Net profit dropped to $19.6 million, or 20.4 cents per share, in the 12 months ended June 30, from $28.4 million, or 28.6 cents per share, a year earlier, the company said in a statement. Revenue rose 2 percent to $795.5 million. In May, Hellaby cut its guidance, and forecast earnings before interest, tax, depreciation and amortisation at $43 million to $4...

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