Austal FY2016 Annual Results Announcement
Filed with ASX · · 8 pages · English
Summary by 6ix AI
Austal Limited has announced its financial results for the fiscal year, indicating a significant EBIT loss and a net loss after tax, both in line with prior guidance. The report highlights that the company's earnings were affected by costs related to design modifications for the Littoral Combat Ship program. Despite the losses, Austal maintains a strong order book and a positive outlook for the upcoming fiscal year, projecting continued cash generation from operations.
Written by 6ix AI from the company’s filing. How 6ix writes summaries
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Earlier from Austal
- Austal wins first ferry contract in new Chinese JV
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Later from Austal
- Austal delivers second high speed support vessel
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