News and Announcements
FY13 Financial Reports & Updated Information Memorandum
- Published September 30, 2013 3:07PM UTC
- Publisher Wholesale Investor
- Categories Company Updates
Broadway Leasing Pty Ltd has released the finalised 2013 financial reports for the company, showing positive results from the previous financial year. Revenue for the business rose from $49,340 in FY12 to $336,778 in FY13, an increase of 582.57%, while EBITDA saw an increase of 1959.99% over the same period.
Broadway has a unique profitability model as there is a large amount of depreciation on the goods purchased for rental. During FY13, depreciation increased 783.15% from $26,279 to $232,084. Depreciation creates a large tax shelter and allows the company to grow the business model without having to pay out corporate taxes during the growth phase. Profits are then retained in order to reinvest as working capital.
In order to fund the continued expansion of the business a new Information Memorandum will be available for potential investors on 1 October 2013 and will only be open for a short period of time. Please contact Wholesale Investor or John Dear of Broadway Leasing for a copy of the Information Memorandum.
Contact
James Campbell, Wholesale Investor, [email protected]
John Dear, Broadway Leasing, T. 0407-413-691 / [email protected]
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