AI assistant
SUPPLY NETWORK LIMITED — Earnings Release 2012
Jan 31, 2012
65827_rns_2012-01-31_818da56d-bb12-425e-b355-f33323527780.pdf
Earnings Release
Open in viewerOpens in your device viewer
==> picture [217 x 48] intentionally omitted <==
SUPPLY NETWORK LIMITED ABN 12 003 135 680 141 - 151 Fairfield Road Guildford NSW 2161 PO Box 460 Fairfield NSW 2165 Telephone: 61 2 9892 3888 Fax: 61 2 9892 2399
1 February 2012
The Manager Companies Announcement Office ASX Limited 20 Bridge Street SYDNEY NSW 2000
Dear Sir
Re: Forecast Earnings Half-Year December 2011 and Dividend Announcement
The Directors are pleased to advise that based on unaudited management accounts for the half-year to 31 December 2011 consolidated sales revenue was $29.5m, which is an increase of 21.6% on the corresponding period last year.
Earnings before interest and tax (EBIT) for the half-year is expected to be around $2.73m.
Profit after income tax is expected to be around $1.79m.
Final half-year results will be released to the market in late February 2012.
Our strong performance for the first half is the result of solid sales growth and continuing cost management. Over recent years we have developed sales and service capabilities across many customer segments, product groups and regions. These investments have established a broad base for growth in both the truck and bus markets and have positioned the company well for future growth.
Based on the half-year performance, Directors are pleased to advise an improved outlook for a full year EBIT in the region of $5.5m.
Directors have declared a fully franked interim dividend of 3 cents per share with a record date of 16 March 2012, to be paid on 30 March 2012, which is an increase of 1 cent per share on the prior year’s interim dividend.
The Director’s also advise that due to the current strong cash position, the Supply Network Limited Dividend Reinvestment Plan will not operate in respect of the interim dividend
Yours faithfully
Peter Gill
Company Secretary