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SOUTHERN CROSS ELECTRICAL ENGINEERING LTD — Earnings Release 2022
Aug 30, 2022
65884_rns_2022-08-30_deba36a3-e3ac-4f81-ba0d-96d9e9c87902.pdf
Earnings Release
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ASX ANNOUNCEMENT & MEDIA RELEASE
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Appendix 4E for the year ended 30 June 2022
Results for Announcement to the Market
The current reporting period is the financial year ended 30 June 2022. The previous corresponding period is the financial year ended 30 June 2021.
| Revenue and Net Profit | Year ended | Year ended | Change | Change |
|---|---|---|---|---|
| 30 June 2022 | 30 June 2021 | $’000 | % | |
| $’000 | $’000 | |||
| Revenue from ordinary activities | 553,280 | 370,206 | 183,074 | 49.5% |
| Profit/(loss) from ordinary activities after tax | 15,269 | 13,761 | 1,508 | 10.9% |
| attributable to members | ||||
| Net profit/(loss) for the full year attributable to | 15,269 | 13,761 | 1,508 | 10.9% |
| members |
Commentary on the results for the year can be found in the Managing Director’s Review in the 2022 Annual Report.
| Dividends | Amount per security | Franked amount |
|---|---|---|
| per security | ||
| Interim dividend for 2022 (paid 13 April 2022) | 1.0 cents | 1.0 cents |
| Final dividend for 2022 | 4.0 cents | 4.0 cents |
| Record date for determining entitlements to the final dividend | 28 September 2022 | |
| Date the final dividend is payable | 12 October 2022 |
The Company’s Dividend Reinvestment Plan will apply to the 2022 final dividend. The last date for lodgement of election notices to participate in the Dividend Reinvestment Plan for the 2022 dividend is 5pm WST on Thursday 29 September 2022.
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Southern Cross Electrical Engineering Limited ABN 92 009 307 046 ASX: SXE
www.scee.com.au
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| NTA Backing | Year ended | Year ended |
|---|---|---|
| 30 June 2022 | 30 June 2021 | |
| Net tangible asset backing per security (cents per share) | 23.6 cps | 22.7 cps |
Details of entities over which control has been gained or lost during the period
During the year there have been no changes to the Company’s controlled entities.
Details of associates and joint venture entities
During the year the Company had a 50% interest in KSJV Unincorporated and KSJV Australia Pty Ltd joint venture entities, both of which were dormant for the period. Subsequent to the year end the Joint Venture Agreement and Shareholder Agreement in respect of these entities have been terminated by mutual consent and applications to deregister the entities have been lodged.
Audit
The results are based on accounts which have been audited and the audit report contains no qualifications.
Annual General Meeting
The Company’s Annual General Meeting (AGM) will be held on Monday 31 October 2022. Further details regarding the AGM will be made available in due course.
Authorised for release by Graeme Dunn – SCEE Group Managing Director
Contact: SCEE Group Head Office Graeme Dunn Colin Harper Level 15, 225 St Georges Terrace CEO & Managing Director Company Secretary Perth WA 6000 E: [email protected] E: [email protected] T: +61 8 9236 8300
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