GPT Group posted strong half yearly results with Net Profit After Tax (NPAT) of $586.4 million,…
APA Group has posted positive results in FY16 with revenue and EBITDA increasing by 48% and 62% respectively as a result of its acquisition and investment heavy strategy. Excluding the recent inorganic earnings growth, the group’s results were still solid with revenue growth at 6%. APA Group’s largest segment is energy infrastructure, accounting for 94% of EBITDA, had a strong year and continues to maintain its monopolistic position on the east coast.
The group has remained highly leveraged due to its string of acquisitions and as a result, current net debt is $9.6 million (increase of 8% on the previous period). Regulation will be the key earnings driver in years to come.
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