Hills returns to profit after major restructure pays off – CRN Australia

David Lenz, Hills Limited

Distributor Hills Limited has returned to profit following a period of restructuring and business changes.

The company reported net profit after tax of $400,000 for the year ending 30 June 2018, which it referred to as a significant turnaround from the prior years loss of $7.9 million.

Hills revenue was down $26 million to $271.8 million from last years $298 million. This, the company said was primarily due to the decision to exit NBN satellite installations and lower antenna sales due to…

Read the full article at: https://www.crn.com.au/news/hills-returns-to-profit-after-major-restructure-pays-off-511529