Current reporting period: 30 June 2016
Previous corresponding period: 30 June 2015
RESULTS FOR ANNOUNCEMENT TO THE MARKETRevenue and net profit | 2016 $'000's | 2015 $'000's | % Change | |
Revenue from ordinary activities | 188,982 | 165,918 | Up 13.9% | |
Net Profit from ordinary activities after tax attributable to members | 34,396 | 22,319 | Up 54.1% | |
Total Comprehensive Income for the period attributable to members | 32,299 | 23,628 | Up 36.7% | |
Dividends | Amount per security 2016 | Franked Amount per security 2016 | Amount per security 2015 | Franked Amount per security 2015 |
Interim Dividend | 4.00c | 4.00c | 2.50c | 2.50c |
Special Dividend | 3.00c | 3.00c | 2.50c | 2.50c |
Final Dividend | 5.00c | 5.00c | 2.50c | 2.50c |
Dividends totaling 9 cents per share have been paid during the year ended 30 June 2016. The Directors recommend the payment of a final dividend of 5 cent per share and a special dividend of 3 cent per share in respect of the year ended 30 June 2016.
Dividend paymentsDate the final 2016 dividend is payable 24 October 2016 Record date to determine entitlements to the dividend 26 September 2016 Date final dividend was declared 30 August 2016
Review of OperationsThe reported Net Profit attributable to members of the Company is $34.40 million (2015: $22.32 million). This equates to an Earnings Per Share of 29.76 cents (2015: 23.73 cents).
Entities over which control has been gained or lost during the periodDuring the current year, the Company did not gain or lose control of any entities.
Net tangible assets | |||
30 June 2016 | 30 June 2015 | ||
$'000s | $'000s | ||
Net assets | 176,782 | 154,884 | |
Less intangible assets | (7,158) | (7,158) | |
Net tangible assets of the company | 169,624 | 147,726 | |
Fully paid ordinary shares on issue at balance date | 115,581,107 | 115,581,107 | |
Net tangible asset per issued ordinary share as at balance date | $1.47 | $1.28 | |
Earnings per share (attributable to the members of the parent) | |||
Basic earnings/(loss) per share (cents) | 29.76 | 23.73 |
Additional Appendix 4E disclosure requirements can be found in the directors' report and the 30 June 2016 financial statements and accompanying notes.
Annual General MeetingThe Annual General Meeting will be held at:
One World Hotel, Bandar Utama City Centre, Petaling Jaya, Malaysia Date: 25 November 2016
Time: 10.00 am
Audit detailsThis report is based on accounts which have been audited. For and on behalf of the directors
David Somerville Lai Ah Hong Chairman Managing DirectorDated: 30 August 2016
CI Resources Limited published this content on 30 August 2016 and is solely responsible for the information contained herein.
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