McGrath FY21 First Half Results at Top End of Guidance Range Fully franked dividend declared

Results highlights

•  Revenue up 16% to $56.7 million.
•  Underlying EBITDA1 of $6.6 million, a $5 million increase from first half FY20 Underlying EBITDA of $1.6m. 2
•  Statutory reported EBITDA of $13.5 million, following adoption of AASB leasing standard, Government COVID grants and gain on disposal of Parramatta business.
•  NPAT of $8.1 million, a significant turnaround compared with first half FY20 loss of $1.0 million.
•  Strong Balance sheet with $24.6 million cash (1HFY20: $8.0 million) and no borrowings.
•  Recommencement of Dividends: 0.5c per share interim fully franked dividend declared.