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LASERBOND LIMITED — Earnings Release 2021
Aug 22, 2021
65215_rns_2021-08-22_d4e50dc1-0c34-4c4a-9a6e-696f8c148c7a.pdf
Earnings Release
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APPENDIX 4E
RESULTS FOR ANNOUNCEMENT TO THE MARKET
| Year To 30th | Year To 30th | ||
|---|---|---|---|
| June 2021 | June 2020 | ||
| Revenues from ordinary activities | $24,664,453 | Up 11.2% from | $22,177,264 |
| Net Profit from Ordinary Operating Activities after Tax | |||
| Attributable to Members | $2,838,114 | Up 1.2% from | $2,805,061 |
| Net Profit Attributable to Members | $2,838,114 | Up 1.2% from | $2,805,061 |
| Earnings per share (cents) from profit attributable to | 2.955c | Up 0.5% | 2.940c |
| members | |||
| Net Tangible Assets per Ordinary Share (NTA Backing - | 14.77c | Up 15.4% from | 12.80c |
| cents) | |||
| Note: | |||
| (a) As at 30thJune 2021 total number of shares issued were | 96,055,413 compared to 95,414,650 as at 30th June 2020. |
Dividend Information
| Dividends Amount Per Share(cents) |
Total Franked Amount |
Record Date | Payment Date |
|---|---|---|---|
| Interim 0.6 Final 0.6 |
$574,360 100% $576,332 100% $1,150,692 |
9 March 21 10 September 21 |
1 April 21 8 October 21 |
resolved to make payment of a final 2021 dividend of 0.6 cents per share, fully franked based on tax paid at 26.0%. With the continued growth that is forecast, the Board expects to be able to continue to pay dividends. As the Board resolution regarding the final dividend was made after 30 June 2021, it will be paid from retained earnings but is not recognised as a liability in the financial statements at year end.
Dividend Reinvestment Plan
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 2021 Final Dividend. The discount applied to the Market Price determined 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 should return a completed DRP Application Form to arrive at the share registry (Boardroom Pty Ltd) by 9 September 2021. The form is 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.
Cash dividends are paid by electronic funds transfer. In order to receive the dividend in cash (either fully or in part), shareholders that have not already done so must ensure the share registry (Boardroom Pty Ltd) has received their Australian bank account details by 9 September 2021. Shareholders that have already returned the form need not complete another. The form is available on our website: http://www.laserbond.com.au/investor-relations.html.
Brief Explanation of Results:
Please refer to the on pages 10 to 16 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 27 and accompanying notes from page 31 of the annual report lodged immediately after this announcement.
Preliminary Statement of Financial Position
Refer to page 28 and accompanying notes from page 31 of the annual report lodged immediately after this announcement
Preliminary Statement of Cash Flows
Refer to page 29 and accompanying notes from page 31 of the annual report lodged immediately after this announcement
Preliminary Statement of Retained Earnings
Refer to page 30 and accompanying notes from page 31 of the annual report lodged immediately after this announcement
Details of Subsidiaries
During the period from 1[st] July 2020 to 30[th] June 2021, 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 2020 to 30[th] June 2021, 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 31 for details.