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Tuesday 31 May 2016 by FIIG Research Company updates

Company updates – Barminco, G8 Education, PMP and Virgin

Barminco released unaudited third quarter financial results for FY16, G8 confirmed it will slow the pace of acquisitions, PMP completed the major transformation programme it started in 2012 and Virgin is adding a fifth major airline to its shareholder registry

Barminco

Barminco has released unaudited 3Q16 financial results. The third quarter shows a continued trend of steady financial performance, characterised by moderate earnings growth, improved free cashflow generation and a sound cash position.

More information is available here. External link - opens in a new window

G8 Education

At their annual meeting on Wednesday 25 May, G8 confirmed it will slow the pace of its acquisitions and focus on quality improvement.

More information is available here. External link - opens in a new window

PMP

PMP has now largely completed the major transformation programme that it started in 2012. The company has achieved a significant cost base reduction and has greatly reduced its financial risk.

More information is available here. External link - opens in a new window

Virgin

Major Chinese airline operator, HNA Group has formed a alliance with Virgin, including taking an equity stake. This is the fifth major airline Virgin is adding to its shareholder registry, providing greater access to the growing Chinese market.

More information is available here. External link - opens in a new window

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PMP Limited
G8 Education Ltd
Virgin
Barminco Finance Pty Ltd

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