LASERBOND LIMITED — Earnings Release 2018

Aug 26, 2018

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APPENDIX 4E

RESULTS FOR ANNOUNCEMENT TO THE MARKET

	Year To 30th		Year To 30th
	June 2018		June 2017
Revenues from ordinary activities	$15,648,146	Up 13.8% from	$13,751,417
Net Profit / (Loss) from Ordinary Operating Activities
after Tax Attributable to Members	$967,749	Down 13.0% from	$1,112,892
Net Profit / (Loss) Attributable to Members	$967,749	Down 13.0% from	$1,112,892
Earnings per share (cents) from profit attributable to	1.040c	Down 14.8% from	1.221c
members
Net Tangible Assets per Ordinary Share (NTA Backing -	13.54c	Up 16.1% from	11.66c
cents)
Note: As at 30thJune 2018 total number of shares issued were	93,073,489 compared to 91,132,465 as at 30thJune, 2017.

Ordinary activities is comprised of the following	results:
Net Profit / (Loss) Attributable to Members	$967,749	Down 13.0% from	$1,112,892
Inventory Impairment	<$281,624>		$0
Net / Profit / (Loss) before Impairment	$1,249,373	Up 12.3% from	$1,112,892

As noted within our December 2017 half year report, at the time of commercialisation of our Down-the-Hole (DTH) hammers and associated consumables a marketing campaign provided information related to the type and size of hammers and consumables sued by potential customers. Since this campaign a number of stocked consumables, particularly bits, have not been sold to customers.

As at the date of this report, discussions are in progress with the original supplier of DTH hammers for potential buyback options. Taking a prudent approach, the Board has written down DTH hammers amounting to $281,624 as at 30 June 2018.

Dividend Information

DividendsAmount PerShare(cents)	TotalFrankedAmount	Record Date	Payment Date
Interim0.2Final0.4	$184,728100%$372,294100%$557,022	16 March 1814 September 18	6 April 1812 October 18

Since year end the Board has considered the group’s needs for cash to fund growth and resolved to increase dividends with the payment of a final 2018 dividend of 0.4 cents per share, fully franked based on tax paid at 30%. As the Board resolution regarding dividends was made after 30 June 2018, 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 2018 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 14[th] September 2018. 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 8 to 18 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 25 and accompanying notes from page 29 of the annual report lodged immediately after this announcement.

Preliminary Statement of Financial Position

Refer to page 26 and accompanying notes from page 29 of the annual report lodged immediately after this announcement

Preliminary Statement of Cash Flows

Refer to page 27 and accompanying notes from page 29 of the annual report lodged immediately after this announcement

Preliminary Statement of Retained Earnings

Refer to page 28 and accompanying notes from page 29 of the annual report lodged immediately after this announcement

Details of Subsidiaries

During the period from 1[st] July 2017 to 30[th] June 2018, 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 2017 to 30[th] June 2018, 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 29 for details.