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GR ENGINEERING SERVICES LIMITED Earnings Release 2018

Feb 25, 2018

65003_rns_2018-02-25_37c5991f-6deb-4bab-b8c9-7076646c0fc9.pdf

Earnings Release

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Appendix 4D

Preliminary Half Year Report to the Australian Securities Exchange

GR Engineering Services Limited ABN 12 121 542 738

For the Half Year Ended 31 December 2017 (corresponding period half year ended 31 December 2016)

RESULTS FOR ANNOUNCEMENT TO THE MARKET

Half year
ended
31 Dec 2017
$’000
Percentage
increase /
(decrease)
from 31 Dec
2016
Revenue from ordinary activities 177,247 67.34%
Profit from ordinary activities after tax attributable to members 7,503 (4.98%)
Net profit for the period attributable to members 7,503 (4.98%)

INTERIM DIVIDENDS

INTERIM DIVIDENDS
Half year
ended
31 Dec 2017
(cents per
share)
Half year
ended
31 Dec 2016
(cents per
share)
Interim dividend (fully franked) 0.00 5.00

Subsequent to reporting date, a fully franked interim dividend was resolved to be paid of 6.0 cents per share, with an ex-dividend date of 13 March 2018 and a record date for determining entitlements to the interim dividend of 14 March 2018. The payment date of the interim dividend is 28 March 2018.

NET TANGIBLE ASSET BACKING

NET TANGIBLE ASSET BACKING
Half year
ended
31 Dec 2017
(cents per
share)
Half year
ended
31 Dec 2016
(cents per
share)
Net tangible asset backing per ordinary share 37.17 33.91

The Half Year Financial Report dated 23 February 2018 forms part of and should be read in conjunction with this Preliminary Half Year Report (Appendix 4D).

This report is based on accounts which have been reviewed. The review report is included in the Half Year Financial Report.