SOUTHERN CROSS ELECTRICAL ENGINEERING LTD — Earnings Release 2016

Aug 23, 2016

Year ended 30 June 2016

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Appendix 4E

Appendix 4E

The current reporting period is the financial year ended 30 June 2016. The previous corresponding period is the financial year ended 30 June 2015.

Results for Announcement to the Market:

Revenue and Net Profit	Year ended	Year ended	Change	Change
	30 June 2016	30 June 2015	$’000	%
	$’000	$’000
Revenue from ordinary activities	207,623	238,329	(30,706)	(12.9%)
Profit/(loss) from ordinary activities after tax attributable	5,051	(9,801)	14,852	N/a
to members
Net profit/(loss) for the full year attributable to members	5,051	(9,801)	14,852	N/a

A description of the figures reported above is contained in the Annual Report.

Dividends	Amount per security	Franked amount
		per security
Interim dividend for 2016	1.35 cents	1.35 cents
Final dividend for 2016	1.35 cents	1.35 cents
Record date for determining entitlements to the final dividend		19 September 2016
Date the final dividend is payable		13 October 2016
Details of dividend or distribution re-investment plan – The		Not applicable
Company does not operate a dividend re-investment plan.

NTA Backing	Year ended	Year ended
	30 June 2016	30 June 2015
Net tangible asset backing per security (cents per share)	41.8 cps	50.5 cps

Southern Cross Electrical Engineering Limited ABN 92 009 307 046

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Details of entities over which control has been gained or lost during the period

During the year there the Company acquired 100% of Datatel Communications Pty Ltd, an award winning electrical and communications contractor. Further details can be found in note 24 to the audited financial statements in the Annual Report.

Details of associates and joint venture entities

The Company has a 50% interest in the following joint venture entities:

• KSJV

• KSJV Australia Pty Ltd

Further information can be found in note 25 to the audited financial statements in the Annual Report.

Audit

The results are based on accounts which have been audited and the audit report contains no qualifications.

Commentary on the Results for the Period

This report should be read in conjunction with the Directors’ report, audited financial statements and notes contained in the Annual Report.

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Southern Cross Electrical Engineering Limited

ABN 92 009 307 046