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VERBREC LIMITED — Earnings Release 2008
Aug 27, 2008
65992_rns_2008-08-27_769c05f2-8ce7-4fe9-b89b-1f14bd178487.pdf
Earnings Release
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Preliminary Final Report of LogiCamms Limited for the Financial Year Ended 30 June 2008
(ABN 90 127 897 689)
This Preliminary Final Report is provided to the Australian Stock Exchange (ASX) under ASX Listing Rule 4.3A
Current Reporting Period: Financial Year ending 30 June 2008 Previous Corresponding Period: Financial Year ending 30 June 2007
LogiCamms Ltd
Appendix 4E Preliminary final report Period ending 30 June 2008
Results for announcement to the market
| esults for announcement to the market | |||
|---|---|---|---|
| 30 June 2008 $’000 |
30 June 2007 $’000 |
Change | |
| Revenue from ordinaryactivities | 31,295 | 19,548 | +60.09% |
| Profit from ordinaryactivities after tax attributable to members | 2,915 | 1,654 | +76.18% |
| Netprofit for theperiod attributable to members | 2,915 | 1,654 | +76.18% |
| Earnings per share: | |||
| Basic and diluted earningsper share(AUD centsper share) | 13.7 | n/a |
Dividends
Date the 2008 dividend is payable 16 October 2008 Record date to determine entitlements to the dividend 1 October 2008 Date dividend was declared 26 August 2008
Total dividend per security
| Ordinary securities Total dividends paid or payable on all securities Ordinary securities Total Net tangible assets per security Net tangible assets per security |
Currentyear | Previousyear |
|---|---|---|
| 3.5 cents | n/a | |
| Current year $’000 |
Previous year $’000 |
|
| 1,269 | - | |
| 1,269 | - | |
| Currentyear | Previousyear | |
| 17.3 cents | n/a |
As the company was not listed as at 30 June, 2007 a comparative calculation has not been provided.
Entities over which control has been gained or lost during the period
| Name | Date control gained | Contribution to profit |
|---|---|---|
| $’000 | ||
| LogiCamms (WA) Pty Ltd | 4 December 2007 | 1,226 |
| LogiCamms (QLD) Pty Ltd | 29 February 2008 | 478 |
| Competency Training Pty Ltd | 29 February 2008 | 42 |
There are no entities over which control has been lost during the period
LogiCamms Ltd
Appendix 4E Preliminary final report Period ending 30 June 2008
Details of investment in joint venture
| Details of investment in joint venture | ||||
|---|---|---|---|---|
| Name of Entity | Ownership interest | Contribution to net profit | ||
| 2008 % |
2007 % |
2008 $’000 |
2007 $’000 |
|
| LogiCamms–Electro80 joint venture | 50% | n/a | (45) | n/a |
Other information
Except for the matters noted above, all the disclosure requirements pursuant to ASX Listing Rule 4.3A are contained within LogiCamms Ltd ’ s consolidated Annual Report for the year ended 30 June 2008 which accompany this Preliminary Final Report.
This report is based on accounts which been audited.
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________
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David Humann
Chairman
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Adam Keats
Managing Director
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Dated at Adelaide, South Australia this 27 day of August 2008.