Sydney, Australia (ABN Newswire) - RedHill Education Limited (ASX:RDH) yesterday released its Preliminary Final Report for the financial year ended 30 June 2014.

The consolidated RedHill group reported the following results:

- Revenues of $19.2 million, a 19% increase over the previous corresponding financial period.

- Earnings before interest, taxation, depreciation and amortisation ('EBITDA')* of $2.7 million, a 110% improvement over the previous corresponding financial period EBITDA of $1.3 million.

- Net profit after income tax of $4.8 million, an improvement of $5.7 million over the previous corresponding financial period net loss of $0.9 million.

- Full year positive net cashflow from operating activities of $3.2 million, a 93% improvement over the previous corresponding financial period net positive cashflow from operating activities of $1.6 million.

- A cash balance of $6.0 million at 30 June 2014.

Each of RedHill's business units reported revenue and EBITDA improvements over the previous corresponding financial period.

RedHill Chief Executive Officer, Mr Glenn Elith, commented:

"RedHill's excellent financial results reflect the enthusiasm of all our staff and the determination of our leadership team. In addition, there have been significant innovations at each of our business units to enhance the student experience and strengthen our brands.

* EBITDA is a financial measure which is not prescribed by Australian Accounting Standards ("AAS") and represents the profit under AAS adjusted for specific non-cash and significant items. The directors consider EBITDA to reflect the core earnings of the consolidated entity. A reconciliation between EBITDA and net profit for the financial year ended 30 June 2014 is included in the attached Preliminary Final Report.

To view the full report, including figures, please visit:
http://media.abnnewswire.net/media/en/docs/77850-ASX-RDH-811586.pdf



About RedHill Education Ltd:

RedHill (ASX:RDH) has a portfolio of quality education businesses at the premium end of the private education market to capitalise on the demand for higher education, vocational training and English language programmes. For further information refer to our website www.redhilleducation.com.



Source:

RedHill Education Ltd



Contact:

Glenn Elith
Chief Executive Officer
Email: gelith@redhilleducation.com
Mobile: +61-405-906-212