Business Description:
Hills Holdings Ltd (HIL) manufactures, imports and distributes clotheslines, laundry, ironing boards, sprayers, garden, doors range, play gyms & slides and handtrucks products. HIL's businesses operate in four divisions, including: Electronics & Communications; Lifestyle & Sustainability; Building & Industrial; and Korvest.

Strategy Analysis:
The strategy is to develop competitive businesses in three main industry segments: Electronics & Communications, Lifestyle & Sustainability, and Building & Industrial Products. The company diversifies to minimise the effects of short-term changes in individual markets and economies, and aims to be a product innovator and a market leader. The overall objective is to grow revenue and earnings incrementally through a combination of organic growth and acquisitions in market segments with attractive growth potential. Hills Holdings reported a net loss of $74.96m for the year ended 30 June 2011. Revenues from ordinary activities were $1.1bn, down 5.2% from last year. Diluted EPS was (30.1) cents compared to 16.7 cents last year. Net operating cash flow was $12.98m compared to $101.55m last year. The final dividend declared was 4.5 cents, taking the full year dividend to 10.0 cents compared with 12.5 cents last year.