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CTI LOGISTICS LIMITED Earnings Release 2018

Aug 30, 2018

64663_rns_2018-08-30_b474de56-4366-4ef2-ae5a-7a785a5f3796.pdf

Earnings Release

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CTI Logistics Limited ABN 69 008 778 925

Appendix 4E Preliminary Final Report

Full Year Financial Report to 30 June 2018

For announcement to the market

Extracts from this report for announcement to the market

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----- Start of picture text ----- $A'000Revenue Up 18% to $182,910Profit after tax attributable to members Down 32% to $4,067Net profit attributable to members Down 32% to $4,067Dividends Amount per security Franked amount persecurityFinal dividend Current year 2.00 cents 2.00 centsPrevious corresponding period 1.75 cents 1.75 centsInterim dividend Current year 2.00 cents 2.00 centsPrevious corresponding period 1.75 cents 1.75 cents+Record date for determining entitlements to the dividend31 October 2018----- End of picture text -----

Net profit for the period excluding sale of properties

The table below shows the change in net profit in the period attributable to members after excluding the profit on sale of non-core properties.

Reconciliation of net profit for the period attributable to members

Reconciliation of net profit for the period attributable to members
Excluding
As reported Adjustments Adjustments
$A'000 $A'000 $A’000
Net profit for the year to 30 June 2017$6,070Net profit for the year to 30 June 2018$4,067Net profit for the period attributable to members asadjusted for sale of propertiesUp $2,870$29318% $3,200$3,774to$3,774

Net tangible assets per share

30 June 2018 30 June 2017
Net tangible assets per share 76.92 cents 80.95 cents

Please refer to the attached audited 30 June 2018 full year financial report for further information on:

  • an explanation of the financial results and a review of operations as set out in the Directors’ Report

  • statement of comprehensive income, statement of financial position and statement of cash flows together with associated notes

  • a reconciliation of retained earnings

  • earnings per share and diluted earnings per share

  • segment results

The Dividend Re-investment Plan and Bonus Share Plan are currently in operation.

Control gained / lost over entities during the period

There has been no control gained / lost over entities during the period.