Asaleo Care announced a solid underlying Net Profit After Tax (NPAT) of $76.1 million for the 12 months ending 31 December 2015, detailed a 25 February press release from the personal care and hygiene manufacturer.
‘This was an increase of 5.3 per cent on FY14 Pro Forma NPAT. Statutory NPAT for the 12 months ended 31 December 2015 increased to $75.6 million, compared to $3.0 million in FY14, which was impacted by one-off costs primarily relating to the 2014 IPO and business transformation.’
Chief executive officer and managing director Peter Diplaris commented: “The company delivered a solid improvement in profit in FY15, in line with guidance from 12 months ago. This profit result was achieved despite challenges in the trading environment encountered during the first half intensifying during the second half.”
“Both the personal care and tissue segments profits grew this year, despite facing the impacts of cost headwinds from adverse exchange rates and inflation, price pressures in certain segments and increased competition. Our ‘business-to-business’ channels of incontinence healthcare and professional hygiene performed strongly in FY15,” Mr Diplaris added.
“We continued to deliver on the key strategic initiatives to help build the right platform for the company’s future growth. These initiatives are based around product innovation and differentiation, range and coverage, distribution innovation and cost reduction and efficiency,” he concluded.