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MAGONTEC LIMITED Earnings Release 2012

Aug 30, 2012

65327_rns_2012-08-30_bcc6e63b-5fbc-4093-bf80-e05fa663854f.pdf

Earnings Release

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APPENDIX 4E

Preliminary Final Report For the financial year ended 30 June 2012

Magontec Limited ABN 51 010 441 666

Current reporting period: 30 June 2012 Previous corresponding period: 30 June 2011

Contents

Item
Number
Description
1
2
3
4
Results for announcement to the market
Commentary on results for the year
Net tangible assets per share
Information on Audit or Review
Executive Chairman’s Message
As per 2012
Annual Report
lodged
simultaneously
with this
Appendix
Corporate Governance Statement
Directors’ Report (including Remuneration Report)
Independent Audit Declaration
Financial Statements and Notes to the Financial
Statements
Directors’ Declaration
Independent Audit Report
Shareholder Information

This Preliminary Final Report is provided to the Australian Stock Exchange under ASX Listing Rule 4.3A

(i)

Appendix 4E Magontec Limited

Results for announcement to the market

1 Revenue and net profit

Percentage
change
Amount
$
Gross revenue including revenue from
discontinued operations
Up 460% to 126,525,834
The amount and percentage change up or
down from the previous corresponding
period of profit (loss) from ordinary
activities after tax attributable to members.
Up 115% to 280,574
The amount and percentage change up or
down from the previous corresponding
period of net profit (loss) for the period
attributable to members.
Up 549% to (1,301,346)

Dividends

Amount per
security
Franked amount per
security
Final dividend Nil Nil
Previous corresponding period Nil Nil
Record date n/a

2 Commentary on results for the year

Revenue

Gross revenue including revenue from discontinued operations for 2012 is as follows:

Alloys
Anodes
Other
Total
106,211,893
18,696,791
1,617,151
126,525,834

(ii)

Appendix 4E Magontec Limited

2 Commentary on results for the year (cont’d)

Results

The results for the financial year include the consolidation of accounts for Magontec Group acquired by MGL during the year. The details of the acquisition are disclosed in Note 26 of the 2012 annual accounts.

3 Net tangible assets per share

Net tangible assets per ordinary share at 30 June 2012

1.699 cents (30 June 2011: 1.885 cents).

4 Information on audit or review

The accounts lodged with this Appendix are unaudited.

(iii)