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CTI LOGISTICS LIMITED Earnings Release 2011
64663_rns_2011-08-29_ebe5ed80-0421-4db8-80e5-25d31e9dbfa8.pdf
Earnings Release
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ABN 69 008 778 925
1 Drummond Place West Perth WA 6005 Postal Address PO Box 400 West Perth Western Australia 6872 Telephone (08) 9422 1100 Facsimile (08) 9227 8000 Email [email protected] Web www.ctilogistics.com
30 August 2011
Dear Shareholder
The Company has today released its results for the 2010-11 financial year.
Profit after tax for the year was \$6,204,964, up 31.2% on the previous year, on revenue of \$72.499.159, which was up by 19.4%. Earnings per share, on the capital expanded by the 1 for 5 share issue in December 2010, was 12.61 cents, up from 9.61 cents the previous year.
The directors have declared a fully-franked dividend of 3 cents per share, payable on 18 November 2011, taking the total dividend in respect of the 2010-11 financial year to 6 cents.
The Company has now entered its twenty-fifth year as a public listed company on the Australian Stock Exchange. Under the leadership of joint managing directors Bruce Saxild and David Mellor, we are confident that the recent strong growth in both revenue and profit will continue, in an increasingly challenging business environment. We have recently acquired the business of Action Couriers, and are considering several other possible bolt-on businesses within Western Australia. We are also looking to grow organically, in particular via our expanding Minerals and Energy division.
Yours faithfully
David Watson EXECUTIVE CHAIRMAN