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LASERBOND LIMITED — Earnings Release 2011
Aug 29, 2011
65215_rns_2011-08-29_9356a398-1120-4604-87f5-d217f8e8f6c3.pdf
Earnings Release
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30 August 2011
LaserBond announces Record Profit and Maiden Dividend
Laserbond Limited (ASX:LBL) today announced record highs in revenue and profit for the 2011 financial year based on audited accounts, and the first dividend since listing on the ASX. The dividend will be fully franked.
| HIGHLIGHTS | Movement20112010 |
|---|---|
| Revenue | _Up_27.4%$13.3m$10.4m |
| EBIT | _Up_219%$2.14m$0.67m |
| Net Profit after Tax (NPAT) | _Up_159%$1.34m$0.52m |
| Net Cash Flow from Operating Activities | _Up_912%$0.90m$0.09m |
| Earnings per Share (cents) | _Up_154%1.90.7 |
| Fully Franked Dividend (cents per share) | 0.5nil |
These results continue to demonstrate the improved performance of the company over the last 2 years.
The substantial increases in revenue and profit have been achieved from current operations, and place the company well for future growth. The Board is confident that the strategies it has put in place will provide the continuation of organic growth, and is actively investigating strategic acquisitions and/or greenfield opportunities that will provide a further boost to earnings per share.
Shareholders will have the option of participating in a Dividend Reinvestment Plan (DRP) with respect to this dividend. Details of the DRP will be announced in the very near future.
For further information, please see the financial report released today.
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Matthew Twist Company Secretary