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PRL GLOBAL LTD — Earnings Release 2015
Aug 27, 2015
65611_rns_2015-08-27_648945c9-2122-4725-a6b6-ae5628d0f157.pdf
Earnings Release
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APPENDIX 4E
PRELIMINARY FINAL REPORT
GIVEN TO THE ASX UNDER LISTING RULE 4.3A
CI RESOURCES LIMITED
ABN – 70 006 788 754 ACN – 006 788 754
FOR THE YEAR ENDED 30 JUNE 2015
RESULTS FOR ANNOUNCEMENT TO THE MARKET
This Preliminary Final Report is provided to the Australian Securities Exchange (ASX) under Listing Rule 4.3A
Current reporting period:
30 June 2015
Previous corresponding period: 30 June 2014
RESULTS FOR ANNOUNCEMENT TO THE MARKET
| Revenue and netprofit | Revenue and netprofit | 2015$’000’s | 2014$’000’s | **% Change ** |
|---|---|---|---|---|
| Revenue from ordinary activities | 165,918 | 151,601 | Up 9% | |
| Net Profit from ordinary activities after tax attributableto members | 22,319 | 11,237 | Up 99% | |
| Total Comprehensive Income for the periodattributable to members | 23,628 | 10,116 | Up 134% | |
| Dividends | Amount persecurity 2015 | FrankedAmount persecurity 2015 | Amount persecurity 2014 | FrankedAmount persecurity 2014 |
| Interim Dividend | 2.50c | 2.50c | 1.00c | 1.00c |
| Special Dividend | 2.50c | 2.50c | - | - |
| Final Dividend | 2.50c | 2.50c | - | - |
Dividends totaling 2.5cents per share have been paid during the year ended 30 June 2015. The Directors recommend the payment of a final dividend of 2.5cent per share and a special dividend of 2.5 cent per share in respect of the year ended 30 June 2015.
Dividend payments
Date the final 2015 dividend is payable Record date to determine entitlements to the dividend Date final dividend was declared
26 October 2015 28 September 2015 28 August 2015
Review of Operations
During the year, CI Resources Limited effected a successful takeover of all the fully paid ordinary shares in the capital of Phosphate Resources Limited (including all rights attaching to them) that it did not already hold. As a result, effective 31 December 2014 CI Resources Limited held 100% of the shares in Phosphate Resources Limited (PRL). This was achieved by way of an off market takeover under which Phosphate Resources Limited minority shareholders received 40.3 CI Resources Limited Shares for every 1 Phosphate Resources Limited share they held.
The reported Net Profit attributable to members of the Company is $22.32 million (2014: $11.23 million). This equates to an Earnings Per Share of 23.73 cents (2014: 15.42 cents).
APPENDIX 4E - PRELIMINARY FINAL REPORT GIVEN TO THE ASX UNDER LISTING RULE 4.3A CI RESOURCES LIMITED - FOR THE YEAR ENDED 30 JUNE 2015
Entities over which control has been gained or lost during the period
During the current year, the Company did not gain or lose control of any entities.
| Net tangible assets | ||
|---|---|---|
| 30 June 2015 | 30 June 2014 | |
| $’000s | $’000s | |
| Net assets | 154,884 | 127,032 |
| _Less_intangible assets | (7,158) | (7,158) |
| Net tangible assets of the company | 147,726 | 119,874 |
| Fully paid ordinary shares on issue at balance date | 115,581,107 | 72,874,102 |
| Net tangible asset per issued ordinary share as at balance date | $1.28 | $1.64 |
| Earnings per share (attributable to the members of the parent) | ||
| Basic earnings/(loss) per share (cents) | 23.73 | 15.42 |
Additional Appendix 4E disclosure requirements can be found in the directors’ report and the 30 June 2015 financial statements and accompanying notes.
Annual General Meeting
The Annual General Meeting will be held at: One World Hotel, Bandar Utama City Centre, Petaling Jaya, Malaysia Date: 26 November 2015 Time: 10.00 am
Audit details
This report is based on accounts which have been audited.
For and on behalf of the directors
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David Somerville Chairman Dated: 28 August 2015
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Lai Ah Hong Managing Director
APPENDIX 4E - PRELIMINARY FINAL REPORT GIVEN TO THE ASX UNDER LISTING RULE 4.3A CI RESOURCES LIMITED - FOR THE YEAR ENDED 30 JUNE 2015