KSK's preliminary results to 31 March show sales at $335.9m, down 14% but well ahead of our forecast $279.4m. EBTIDA at $101.9m was down 36% but well above our $72.1m. Net interest rose 57% to $130.2m against our $99.7m leaving PBT nearly in line at -$72.1m versus our -$69.9m. Much of the gap was due to our cautious exchange rate assumption but there was also better operational performance and development fees were ahead although we still to see these dropping away going forward. At the inter
16 Jul 2015
Preliminary results show earnings ahead of forecast
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Preliminary results show earnings ahead of forecast
KSK Power Ventur plc (KSK:LON) | 0 0 0.0% | Mkt Cap: 3.94m
- Published:
16 Jul 2015 -
Author:
Adam Forsyth -
Pages:
3
KSK's preliminary results to 31 March show sales at $335.9m, down 14% but well ahead of our forecast $279.4m. EBTIDA at $101.9m was down 36% but well above our $72.1m. Net interest rose 57% to $130.2m against our $99.7m leaving PBT nearly in line at -$72.1m versus our -$69.9m. Much of the gap was due to our cautious exchange rate assumption but there was also better operational performance and development fees were ahead although we still to see these dropping away going forward. At the inter