That was bolstered by finance costs shrinking 22 per cent to 8,000 and the final payment on its CS & Co acquisition almost halving to 1,000.
Earnings before interest, tax, depreciation and amortisation fell 13 per cent to .3m on a 4 per cent increase in revenue to .7m."TIL delivered modest growth in the first half, despite retail pressure in its home markets of Australia and New Zealand," chief executive Angela Buglass said."Cost impacts and short-term quality issues impacted TIL group profitability, however, we have already implemented initiatives to accelerate growth in the second half."Trilogy warned the market first-half earnings would likely decline when it released guidance in September, citing the tough trading conditions in Australasia.
I can’t be free to achieve unless I know that everyone is happy around me.Justine – In researching the book we found that, that is probably one of the most definitive keys to Geoff’s success, it’s just what he does, and it such a rare thing.Almost everyone we spoke to would bring it up, he empowers them with the dream and then he says I know you can do this and he just lets them go and they love it!However, the firm's underlying earnings were hit by skinnier margins.Net profit increased to .1 million, or 5 cents per share, in the six months ended September 30 from .5m, or 5c, a year earlier, the Auckland-based company said in a statement.