Maviga’s year end results exceed expectations

Maviga plc reported another record year (ending 31st May 2015) with total sales exceeding $300m and a 62% increase in profit before tax to $8m.

Other key performance indicators;

  • Net cash inflow $7.5m
  • 19.3% return on year beginning equity
  • Earnings per share $698.74 up 62%
  • Gross profit up 47% to $23m
  • Total Sales up 21% to $301m

CEO Marcus Coles said, “Our business performed well in all the geographies where we operate despite aggressive competition, weather related problems and volatile farm gate prices. 2016 has been designated ‘International Year of Pulses’ by the United Nations which we hope will throw a spotlight on the importance of pulses in the future of food.”

CFO Andrew Cooke commented, “As the company continues to grow, we remain focused on increasing shareholder returns. A significant sign of our strength and capital stability is our overall net cash inflow of $7.5m, which contrasts markedly with some of our competitors.”

Full financials available at www.maviga.com/investors

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