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VERBREC LIMITED Earnings Release 2014

Aug 26, 2014

65992_rns_2014-08-26_3b8a5152-bae9-49d0-85f2-016bbc247444.pdf

Earnings Release

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Preliminary Final Report of LogiCamms Limited For the Financial Year Ended 30 June 2014

(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 2014 Previous Corresponding Period: Financial Year ending 30 June 2013

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Results for announcement to the market

esults for announcement to the market
30 June 2014
$’000
30 June 2013
$’000
Change
Revenue from ordinaryactivities 127,890 129,521 -1.26%
Profit from ordinaryactivities after tax attributable to members 5,006 11,096 -54.88%
Netprofit for theperiod attributable to members 5,006 11,096 -54.88%
Earnings per share:
Basic earningsper share(AUD centsper share) 7.2 16.6
Diluted earningsper share(AUD centsper share) 7.0 16.0

Dividends

A final dividend of 3.50 cents per share for the year ended 30 June 2014 has been declared:

Date dividend was declared 27 August 2014
Record date to determine entitlements to the dividend 11 September 2014
Date the dividend is payable 25 September 2014

Total dividend per security

Currentyear
Previousyear
Interim dividend – ordinary securities
2.00 cents
4.50 cents
Final dividend - ordinary securities
3.50 cents
4.50 cents
Total dividends paid or payable on all securities with respect to the financial year
30 June 2014
$’000
30 June 2013
$’000
Ordinary securities
3,916
6,245
Total
3,916
6,245
Net tangible assets per security
30 June 2014
30 June 2013
Net tangible assets per security
36.8 cents
36.4 cents
Currentyear Previousyear
2.00 cents 4.50 cents
3.50 cents 4.50 cents
30 June 2014
$’000
30 June 2013
$’000
3,916 6,245
3,916 6,245
30 June 2014 30 June 2013
36.8 cents 36.4 cents

Entities over which control has been gained or lost during the period

There are no entities over which control has been gained or lost during the period.

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Details of investment in joint venture

Details of investment in joint venture
Name of Entity Ownership interest Contribution to net profit
2014
%
2013
%
2014
$’000
2013
$’000
LogiCamms – Electro80 joint venture 50% 50% 264 585

Other information

Except for the matters noted above, all the disclosure requirements pursuant to ASX Listing Rule 4.3A are contained within LogiCamms Limited’s consolidated Financial Report for the year ended 30 June 2014 which accompanies this Preliminary Final Report.

This report is based on accounts which have been audited.

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Peter Watson Chairman

Dated at Brisbane, Queensland this 27th day of August 2014

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