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19 February 2021 M MaxiTRANS FY21 Half Year Results MaxiTRANS Industries Limited ( ASX : MXI ) today announced its financial results for the half - year ended 31 December 2020 . Review of Operations • • • • • External sales of $ 184.6m were up 12.9 % on the prior corresponding period ( pcp ) due primarily to stronger revenue in Q2 FY21 across the trailer market . Trailer solutions revenue of $ 126.9m was an increase of 21.4 % over the pcp . The business experienced a stronger market driven by an increase in the food and grocery sector due to COVID - 19 with annual buying plans being brought forward by some customers , a strong agricultural sector with a good grain season due to favourable weather conditions and the general freight market was strong compared to the depressed levels in the pcp . MaxiPARTS revenue of $ 68.6m was 1.3 % ahead of the strong H1 FY20 pre - COVID - 19 comparative period and 8.7 % or $ 5.5m ahead of H2 FY20 . Reported net profit / ( loss ) after tax ( NPAT ) was $ 5.7m , with an underlying net profit / ( loss ) before tax of $ 8.3m . The Group continued its focus on cash generation and debt reduction throughout H1 FY21 with operating cashflows for the half of $ 21.6m and a closing net cash position of $ 2.8m , an improvement of $ 32.9m over the last twelve months from the net debt balance of $ 30.2m at 31 December 2019 . Government assistance in the period totalled $ 4.6m in Job Keeper support from the Australian government . Group results summary $ ' 000 External sales Dec Dec Variance Variance 2020 2019 $ % 184,605 163,475 21,130 13 % Reported Net Profit after Tax 5,700 ( 14,446 ) 20,146 139 % Reported Net Profit before Tax 7,983 ( 19,327 ) 27,310 141 % Significant Items ERP System implementation expenses 24 ( 24 ) Redundancy Costs 1,732 ( 1,732 ) Impairment losses 15,427 ( 15,427 ) Acquisition / disposal / legal & other costs 360 953 ( 592 ) Underlying Net Profit ( Loss ) Before Tax ^ 8,343 ( 1,192 ) 9,535 800 % Underlying EBIT ^ 10,767 1,035 9,732 940 % Underlying EBITDA ^ 14,675 6,536 8,139 125 % Net Debt ( 2,750 ) 30,187 ( 32,937 ) 109 % Given the continuing uncertainty in the economic climate , the Board has determined not to pay an interim dividend . With the improvement the Group has seen in sales volumes in recent months MaxiSAFE Send all our people home safely MaxiTRANS INDUSTRIES LTD ( ABN 58 006 797 173 ) 346 BOUNDARY ROAD DERRIMUT VICTORIA 3026 AUSTRALIA T : +61 ( 0 ) 3 8368 1177