Business
Why the Asaleo Care (ASX:AHY) share price is up 5% today
The Asaleo Care Ltd (ASX: AHY) share price is gaining today, up 4.9% at $1.43 at the time of writing. This follows the release of Asaleo’s full-year financial results for FY20.
What did Asaleo Care report?
The personal hygiene products producer and distributor reported a 2.3% increase in revenues from 2019, to $419.2 million. Asaleo Care said its retail segments and B2B incontinence healthcare collectively increased by 6.7%.
The company reported underlying earnings before interest, tax, depreciation and amortisation (EBITDA) of $87.2 million, having earlier given an EBITDA guidance in the range of $84-87 million. Underlying EBITDA from its continuing business was $89.2 million, up 6.3%.
Statutory net profit after tax (NPAT)…
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