BOX HILL, Australia, August 20, 2019-

Asaleo Care today announced its Half year results for 2019 with an underlying Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) of $39.4 million from continuing operations and a Satutory Net Profit after Tax of $7.3 million.

Chief Executive Office and Managing Director, Sid Takla said: “the Company’s financial performance for the first half was in line with expectations, and we successfully completed the sale of the Consumer Tissue Australia business. Sale proceeds were largely used to pay down debt to deliver a strong and healthy balance sheet, which will enable us to invest in our higher margin, higher growth brands.”

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