Reject Shop Ltd Annual Shareholders Meeting Transcript
(technical difficulty)
And customers remains paramount.
Turning to results. Sales in FY '20 were $820.6 million, up 3.4% on prior corresponding period as more customers turn to us throughout the year, particularly through the Christmas trade period and the initial phase of COVID-19.
The company returned to profitability in FY '20 with earnings before interest and taxes, EBIT, of $9.3 million and net profit after tax, NPAT, of $1.1 million. These results were significantly improved on the prior year when the company recorded a loss.
In addition to securing a new debt facility with our long-standing bankers, the company successfully completed a $25 million equity raise in March this year. I want to thank existing and new shareholders that supported the equity raise, which was an important and necessary step in assisting to stabilize the company.
We were very pleased to have finished the 2020 financial year with a strong balance sheet, including cash of $92.5 million and no drawn
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
