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LASERBOND LIMITED — Earnings Release 2016
Aug 28, 2016
65215_rns_2016-08-28_f0bb608e-e4ab-4864-902a-8395edcbcf08.pdf
Earnings Release
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APPENDIX 4E
RESULTS FOR ANNOUNCEMENT TO THE MARKET
| Year To 30th June | Year To 30th June | ||
|---|---|---|---|
| 2016 | 2015 | ||
| Revenues from ordinary activities | $10,515,581 | Up %10.2 from | $9,546,595 |
| Net Profit / (Loss) from Ordinary | |||
| Operating Activities after Tax | $78,745 | Down 78.5% from | $366,766 |
| Attributable to Members | |||
| Net Profit / (Loss) Attributable to | $78,745 | Down 78.5% from | $366,766 |
| Members | |||
| Earnings per share (cents) from profit | 0.09c | Down 78.6% from | 0.42c |
| attributable to members | |||
| Net Tangible Assets per Ordinary Share | 0.93c | Up 38.8% from | 0.67c |
| (NTA Backing - cents) | |||
| Note: As at 30thJune 2016 total number of | shares issued were 89,410,345 | compared to 87 608,466 | as at 30thJune, 2015. |
Dividend Information
| DividendsAmount PerShare(cents) | TotalFrankedAmount | Record Date | Payment Date |
|---|---|---|---|
| Interim0.2Final0.2 | $177,227100%$178,821100%$356,048 | 17 March 169thSeptember 16 | 8 April 167thOctober 16 |
Since year end the Board has considered the group’s needs for cash to fund growth and resolved to maintain dividends at the same level as 2015 with the payment of a final 2016 dividend of 0.2 cents per share, fully franked based on tax paid at 30%. As the Board resolution regarding dividends was made after 30 June 2016, the dividend will be paid from retained earnings but is not recognised as a liability in the financial statements at year end.
Dividend Reinvestment Plans
During the period LaserBond Limited had a Dividend Reinvestment Plan (DRP) in operation. Under the DRP shareholders may elect to have dividends on some or all of their ordinary shares automatically reinvested in additional LaserBond shares, at a discount to the market price. Full details of the operation of the DRP are contained in the Terms and Conditions available on the LaserBond website: http://www.laserbond.com.au/investorrelations.html.
The Board has resolved to offer the DRP for the 2016 Final Dividend. The discount applied to determine the Market Price in accordance with the DRP Terms and Conditions will be 5%.
In order to participate in the DRP for this dividend, shareholders that have not already done so must return a completed DRP Application Form to arrive at the share registry (Boardroom Pty Ltd) by 9[th] September 2016. The form will be mailed shortly to all shareholders that have not already submitted a completed form. The form is also available on our website: http://www.laserbond.com.au/investor-relations.html. Shareholders that have already returned the form need not complete another, unless a change in the level of participation is being requested.
Brief Explanation of Results:
Please refer to the Directors’ Reports on pages 15 to 21 of the annual report lodged immediately after this announcement for detail on revenue and operating results, including development plans to ensure future growth and profits.
Preliminary Statement of Profit or Loss and Other Comprehensive Income
Refer to page 26 and accompanying notes from page 30 of the annual report lodged immediately after this announcement.
Preliminary Statement of Financial Position
Refer to page 27 and accompanying notes from page 30 of the annual report lodged immediately after this announcement
Preliminary Statement of Cash Flows
Refer to page 28 and accompanying notes from page 30 of the annual report lodged immediately after this announcement
Preliminary Statement of Retained Earnings
Refer to page 29 and accompanying notes from page 30 of the annual report lodged immediately after this announcement
Details of Subsidiaries
During the period from 1[st] July 2015 to 30[th] June 2016, LaserBond Limited has not gained or lost control over any entities.
Details of Associates and Joint Venture Entities
During the period from 1[st] July 2015 to 30[th] June 2016, LaserBond Limited has no interest in any Associates or Joint Venture Activities.
Accounting Standards
Australian Accounting Standards, including Australian equivalents to International Financial Reporting Standards (AIFRS) have been used in compiling the information contained in this Appendix 4E.
Audit Disputes or Qualifications
This report is based on accounts which have been audited. Please refer to Note 1 of the Annual Report lodged immediately after this announcement from page 30 for details.