Transpacific: Result 2015

Transpacific's full-year result lays bare the problems it faces. So what should investors do now?

The deeper you peer into Transpacific’s full year result, the worse it gets. Revenue fell 27% to $1.4bn but, with the business shedding assets over the year, that was no great surprise. The EBITDA line starts to look bad, with a 40% fall to $230m, and net profit is worse again, down 55% to $98m – and that's without counting about $100m in writeoffs and one-off costs.

The Cleanaway business, which generates the bulk of revenue and profit, likewise didn’t appear too bad superficially. Revenue rose 1.6% and operating profits were steady at $99m. Yet the aggregate numbers hid worrying trends.

{{content.question}}

Mastercard

{{ twilioFailed ? 'SMS Code Failed to Send…' : 'An SMS verification code has been sent ...' }}

Hi {{ user.FirstName }}

Looks like you have already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to complete your SMS verification

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to proceed...

Please check your mobile number below and press the Send Verification Code button. This will be used to complete your verification in the next step.

Please sign up for full access

Mastercard

Updating information

Please wait ...

Trial

Mastercard
{{ productPrice }} / day
( GST included )
Price $0
GST $0
Discount -{{productDiscount}}
TOTAL {{productPrice}}
  • Mastercard
  • Visa

Please click on the ACTIVATE button to finalise your membership

Mastercard

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device


Register as a new member

(using a different email)

Related Articles