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SUPPLY NETWORK LIMITED — Earnings Release 2018
Jan 23, 2018
65827_rns_2018-01-23_15356d3f-66d7-44b1-b75f-a6a500be1ef0.pdf
Earnings Release
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SUPPLY NETWORK LIMITED ABN 12 003 135 680 1 Turnbull Close Pemulwuy NSW 2145 PO Box 3405 Wetherill Park NSW 2164 Telephone: 61 2 8624 8077
24 January 2018
The Manager ASX Market Announcements Office ASX Limited 20 Bridge Street SYDNEY NSW 2000
Dear Sir
Re: Earnings forecast half year December 2017, full year guidance and dividend announcement
The Directors are pleased to advise that based on unaudited management accounts for the half-year to 31 December 2017 consolidated sales revenue was $54.1m.
Earnings before interest and tax (EBIT) for the half-year is expected to be around $5.6m.
Profit after income tax is expected to be around $3.8m.
Final half-year results will be released to the market in late February 2018.
During the second half of the financial year we will be opening a new branch in Port Hedland, Western Australia and setting up a new branch and DC in Hamilton, New Zealand, which will add to our operating costs in the second half.
Directors advise that for the full year sales revenue is expected to be around $110m and EBIT around $10.8m.
Directors have declared a fully franked interim dividend of 5.5 cents per share, with a record date of 22 March 2018, to be paid on 5 April 2018.
Please also refer to ASX Notification of Dividend released separately.
The Directors advise that the Supply Network Limited Dividend Reinvestment Plan will not operate in respect of the interim dividend.
Yours faithfully
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Peter Gill Company Secretary