The investment company says it's on track to beat last year's full year profit result after a strong first quarter.

More good news for Hellaby after solid year-end result.

Profit, ebitda improve for the listed investment company despite flat revenue.

NZX-listed investment company Hellaby Holdings has reported a big improvement in net profit after tax, up $9.6 million to $10.3 million in the year to June 30.

Hellaby group EBITDA was $27.7 million, up 4.6% against last year, despite group revenue falling 4.8% to $457 million due to lower market demand across most subsidiaries.

Group EBIT was $20.3 million, up 11.8% against last year.

Investment company Hellaby Holdings will only get back a quarter of the amount still outstanding from its disastrous investment in the BBQ Factory.

The company is still owed $4.44 million from the $5.8 million outstanding from the June 2008 sale and announced today it only expects to recover about 25% of the outstanding debt over the next three months.

Hellaby managing director John Williamson said the investment company had now reached a settlement with the consortium that bought BBQ Factory in June 2008.