Malaga-based curtains and blinds company Kresta Holdings has announced a half-yearly after-tax loss of $1.98 million for the six months to June 30.
Malaga-based curtains and blinds company Kresta Holdings has announced a half-yearly after-tax loss of $1.98 million for the six months to June 30.
Malaga-based curtains and blinds company Kresta Holdings has announced a half-yearly after-tax loss of $1.98 million for the six months to June 30.
The loss was 2.1 per cent higher than the $1.94 million loss Kresta recorded in the first half of the year 2014.
Comparing the company’s figures for the same two periods, revenue was up 3.7 per cent this year at $47 million.
The company said its operating cash outflow of $3.28 million was mostly funded through an unsecured loan from Ningbo Xianfeng New Material, Kresta’s Chinese parent company.
Kresta ended the period with an $83,000 overdraft.
The company said its earnings were largely influenced by costs and inefficiencies associated with the establishment of a new manufacturing facility in Brisbane, and by a showroom refurbishment plan.
The refurbishments and the new facility’s equipment combined for a total investment outflow during the period of $1.46 million.
Also highlighted was the $450,000 writeoff of costs associated with the aborted acquisition of Franklyn Blinds Awnings Security.
Rank | Company | # | |
---|---|---|---|
66th | Dome | $61.8m | |
67th | Betts Group | $55.9m | |
68th | Kresta Holdings | $55.5m | |
69th | Perth City Subaru | NFP | |
70th | Australian Capital Equity | $41.8m |