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BATHURST RESOURCES LIMITED. — Interim / Quarterly Report 2021
Feb 25, 2021
64563_rns_2021-02-25_a7ea02a3-0e67-4b1a-b2ec-555ccb7c17b9.pdf
Interim / Quarterly Report
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BATHURST RESOURCES LIMITED
Level 12 1 Willeston Street Wellington 6011 New Zealand Tel: +64 4 499 6830
ASX Code: BRL
WEBSITE & EMAIL
CHIEF EXECUTIVE OFFICER Richard Tacon
DIRECTORS
Toko Kapea – Chairman Richard Tacon – Executive director Peter Westerhuis – Non-executive director
Russell Middleton – Executive director
COMPANY SECRETARY
Bill Lyne [email protected]
INVESTOR RELATIONS
MEDIA RELATIONS
Appendix 4D
Results for announcement to the market
| 6 months to6 months to | 6 months to6 months to | ||
|---|---|---|---|
| 31 December31 December | % | ||
| Key information | 2020 | 2019 | change |
| Sales revenue and other income ($'000) | 33,39925,392 | 32% | |
| Profit from ordinary activities after tax($'000) | 3,71014,507 | (74%) | |
| Profit after tax ($'000)Basic earnings per share (cents) | 3,71014,5070.220.85 | (74%)(75%) | |
| Diluted earnings per share (cents) | 0.220.80 | (72%) | |
| Net tangible assets per share (cents) | 4.12 | 7.57 | (46%) |
There were no interim dividends paid or declared in respect of the six-month period ended 31 December 2020.
This announcement should be read in conjunction with the reviewed financial statements for the six months ended 31 December 2020 which include financial and operational commentary.
Included in Bathurst's results noted above for the six months to 31 December 2020 is $4.1m profit after tax relating to Bathurst's 65 percent equity share of profit in joint venture BT Mining Limited ($16.6m for 31 December 2019).
The auditor’s review report contains a paragraph on material uncertainty related to going concern, and emphasis of matter paragraphs. This draws reader’s attention to notes 1, 6 and 8 in the interim financial statements regarding the legal proceedings brought against Bathurst by L&M Coal Holdings Limited. The review opinion was not modified in respect of this matter.
This document was authorised for release by the board of directors on the 26 February 2021.