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MLG OZ LIMITED — Earnings Release 2021
Aug 24, 2021
65343_rns_2021-08-24_5ff5d5e2-f1a2-4597-aa69-152a30bf0aa9.pdf
Earnings Release
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Appendix 4E Preliminary final report
1. Company details
Name of entity: MLG OZ Ltd ACN: 102 642 366 Reporting period: For the year ended 30 June 2021 Previous period: For the year ended 30 June 2010
2. Results for announcement to the market
| $'000 | |||
|---|---|---|---|
| Revenues from ordinary activities | up | 23.6% to | 257,815 |
| Profit from ordinary activities after tax attributable to the owners of MLG OZ | |||
| Ltd | up | 118.8% to | 12,457 |
The revenue and profit increase was predominantly attributable to the full year impact of the Fortescue crushing plants which were being constructed in FY20 at Christmas creek and became fully operational during FY21. In addition, revenues included the settlement funds agreed with Fortescue to cease operation of these plants at the end of June 2021. There were also a number of renewals of mine site services and bulk haulage contracts which negotiated higher rates in FY21.
3. Net tangible assets
| Reporting | Previous | |
|---|---|---|
| period | period | |
| Cents | **Cents *** | |
| No relevant | ||
| Net tangible assets per ordinary security | 153 | comparison |
*The Number of shares in issue in the previous reporting period was 1 which gives an NTA of ~$178.4m
Alkane Resources Ltd Appendix 4E Preliminary final report
4. Dividends
Dividends declared during the financial year were as follows:
| 30 June 2020 | 30 June 2021 | |
|---|---|---|
| $’000 | $’000 | |
| Interim ordinary dividend | $158,735 | $120,870 |
| Final ordinary dividend | $130,147 | $- |
Both Interim and final dividend were fully franked to 100%
The Company has determined to pay a final fully franked dividend for 30 June 2021 of $0.0171 per share, totaling $2,490,943.
5. Details of associates and joint venture entities
Associates
NA
Joint Venture
NA
6. Audit qualification or review
Details of audit/review dispute or qualification (if any):
The financial statements have been audited and an unqualified opinion has been issued.
7. Attachments
Details of attachments (if any):
The Annual Report for the year ended 30 June 2021 will be issued later today.
8. Signed
Signed ‘ Phil Mirams’
Date: 25 August 2021