Amaysim NPAT from continuing operations at a $7.4 million loss

Amaysim Australia (ASX:AYS) today announced its results for the full year ending 30 June 2019 showing statutory net revenue of $508.3 million, up 7.8 per cent on last year.

On a comparable basis, net profit after tax from continuing operations was down 153 per cent at a loss of $7.4 million.

This is mainly attributable to a non-cash impairment charge of $15.7 million related to acquired Click Energy intangible assets recognised in the first half of the financial year

They achieved financial results in-line with FY19 guidance and strategy for long-term growth with statutory EBITDA of $43.9 million.

Movement of note saw the company launch the first subscription energy plans in Victoria in April 2019

Shares in Amaysim Australia (ASX:AYS) closed -1.47 per cent lower at $0.67 on Friday.

Copyright 2019 – Finance News Network

Source: Finance News Network