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LASERBOND LIMITED — Earnings Release 2019
Aug 19, 2019
65215_rns_2019-08-19_547914c2-2aa3-43df-a5c9-23978556fc61.pdf
Earnings Release
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APPENDIX 4E
RESULTS FOR ANNOUNCEMENT TO THE MARKET
| IX 4E | ||
| MENT TO THE MARKET | ||
| Year To 30th | Year To 30thJune 2018 | |
| June 2019 | ||
| Revenues from ordinary activities$22,667,200Up 44.9% from$15,648,146Net Profit / (Loss) from Ordinary OperatingActivities after Tax Attributable to Members$2,809,404Up 190.3% from$967,749Net Profit / (Loss) Attributable to Members$2,809,404Up 190.3% from$967,749Earnings per share (cents) from profit attributable tomembers2.972cUp 185.8% from1.040cNet Tangible Assets per Ordinary Share (NTABacking - cents)10.60cUp 27.3% from8.33cNote: As at 30thJune 2019 total number of shares issued were 94,539,442 compared to 93,073,489 as at 30thJune 2018. |
Dividend Information
| Amount Per | Franked | ||||
|---|---|---|---|---|---|
| Dividends | Share(cents) | Total | Amount | Record Date | Payment Date |
| Interim | 0.5 | $470,339 | 100% | 15 March 19 | 5 April 19 |
| Final | 0.5 | $472,697 | 100% | 13 September 19 | 11 October 19 |
| $943,036 |
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 2019 dividend of 0.5 cents per share, fully franked based on tax paid at 27.5%. As the Board resolution regarding dividends was made after 30 June 2019, 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/investor-relations.html.
The Board has resolved to offer the DRP for the 2019 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 13[th] September 2019. 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 2018 to 30[th] June 2019, 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 2018 to 30[th] June 2019, 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.