It was yet another busy day of results releases on Thursday with the likes of Coles Group Ltd (ASX: COL) and Flight Centre Travel Group Ltd (ASX: FLT) taking centre stage.
Three results you might have missed are summarised below:
NRW Holdings Limited (ASX: NWH)
This resource and infrastructure services company's shares raced over 5% higher on Thursday after announcing strong revenue and profit growth in FY 2019. NRW Holdings revealed revenue of $1,126.3 million and comparative EBITDA of $144 million, which was an increase of 49% and 54%, respectively, on the prior corresponding period. Management advised that new civil work, mining contract extensions, and an improved performance in drill and blast all contributed to its success over period. Things look positive for the year ahead, with its order book already standing at $2.2 billion, of which around $1.1 billion is scheduled for delivery in FY 2020.
Pacific Smiles Group Ltd (ASX: PSQ)
This dental centre operator's shares traded 1% lower yesterday after the release of a mixed full year result. According to the release, the company reported a 13.9% increase in patient fees to $187.4 million and an 8.6% lift in same centre patient fees. This led to revenue increasing 16.9% to $122.2 million. However, due to start-up losses and higher depreciation costs associated with the rollout strategy of new centres, the company posted a 3.5% decline in underlying net profit after tax to $8.9 million. In FY 2020 management expects EBITDA to be between 6% and 12% higher year on year.
Reject Shop Ltd (ASX: TRS)
This embattled retailer had a disappointing 12 months. It posted a net loss after tax of $16.9 million for FY 2019 due largely to an after-tax non-cash impairment charge of $15.4 million. Excluding this charge, the company's loss would have been $1.5 million, which was in line with the guidance given late in May. No guidance was given for the year ahead, however management advised that its like for like sales are positive early in FY 2020. It also said: "We are starting to see an improvement in our customer transactions, demonstrating that we are re-engaging with our core customers. The next step will include reaching more customers in a way that ensures they understand the role The Reject Shop can play in helping stretch their budgets further." The market wasn't convinced, though. Its shares ended the day 8.5% lower.
