RedHill Education Limited Announces Revenue Results for the Year to Date of Fiscal 2013; Provides Earnings Guidance for the Half Year of Fiscal 2013
The company's fiscal 2013 half year financial results will demonstrate a significant performance turn-around against prior reporting periods. The company is confident each business unit and the consolidated group will report positive earnings before interest, taxation, depreciation and amortisation (EBITDA) for the fiscal 2013 half year, compared to a consolidated EBITDA loss of $537,000 in the first half of fiscal 2012 and a consolidated EBITDA loss of $833,000 in the second half of fiscal 2012. The company expects the fiscal 2013 half year EBITDA profit for the consolidated group to be in the order of $500,000.