Investor Portal

Annual Reports

2017 Annual Report

I am pleased to report a strong financial performance by The Citadel Group Limited (Citadel) for the year ended 30 June 2017.

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2016 Annual Report

I am pleased to report a strong financial performance by the Group for the year ended 30 June 2016.

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2015 Annual Report

Following a successful Initial Public Offering (IPO) in November 2014 and the appointment of a new Board of Directors, I am pleased to report a strong financial performance by the Group in FY2015.

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2014 Annual Report

I am pleased to report a strong financial performance by the Group in FY14. Our Group Net Profit After Tax (NPAT) was $4.134 million, which was $0.696 million up on the FY13 result of $3.438 million. Total revenues for the FY were similar to the prior year ($49.927 million compared to $49.993 million) due to delays in the commencement of the implementation phase of the New Royal Adelaide Hospital (NRAH) contract.

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2013 Annual Report

I am very pleased to report a strong financial performance by the Group in 2012/2013. Our Group Net Profit After Tax (NPAT) was $3.438m, up $0.715m on budget. By comparison, our NPAT in 2010/11 and 2011/12 were $1.321m and $1.691m respectively. This result was achieved despite a reduction in group revenue ($50.278m this financial year compared to $53.802m in 2011/12), which was largely the result of directing ServicePoint to exit its unprofitable Sydney business.

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2012 Annual Report

I am pleased to report an improvement in financial performance compared to last financial year despite the Group encountering another difficult trading year. Our Group Net Profit After Tax was $1.691m, up $0.414m on budget and $0.370m on last year’s result. Revenue was down by over $5m from last year (from $59.047m to $53.801m) reflecting the Group’s strategy of not pursuing unprofitable business.

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