Half Year Report Ended 31 December
2016
Release Statement |
This document is copyright. Except for the purposes permitted under the Copyright Act, no part of the publication may be reproduced in any form or by any means without permission of ReNu Energy Limited. |
Phone: +61 7 3721 7500 | Fax: +61 7 3721 7599 | Email: info@renuenergy.com.au
ABN: 55 095 006 090
CORPORATE DIRECTORY
Directors | Jack Hamilton |
Non-Executive Chairman | |
Christopher Murray | |
Managing Director and Chief Executive Officer | |
George Miltenyi | |
Non-Executive Director | |
Richard Brimblecombe | |
Non-Executive Director | |
Secretary | Tim Pritchard CPA |
Principal registered office in Australia | Level 1, 9 Gardner Close MILTON QLD 4064 Telephone: +617 3721 7500 Facsimile: +617 3721 7599 |
Postal Address | PO Box 2046 MILTON QLD 4064 |
Internet | www.renuenergy.com.auinfo@renuenergy.com.au |
Share registry | Link Market Services Limited Level 15, 324 Queen Street BRISBANE QLD 4000 Telephone Australia: 1300 554 474 Telephone International: +617 3237 2100 Facsimile: +617 3229 9860 |
Auditor | Ernst & Young Level 51 111 Eagle Street BRISBANE QLD 4000 |
Solicitors | Thomsons Geer Level 16, Waterfront Place 1 Eagle Street BRISBANE QLD 4000 |
Securities exchange listings | ReNu Energy Limited shares are listed on the Australian Securities Exchange. The home branch is Sydney, Ticker: RNE. |
APPENDIX 4D
Name of entity
HALF YEAR REPORT
RENU ENERGY LIMITED (FORMERLY GEODYNAMICS LIMITED)
ABN Half year ended
55 095 006 090 | 31 December 2016 |
Previous corresponding period: 31 December 2015
Results for announcement to the marketResults | |||
Revenues from ordinary activities | Down | 36% to | $313,914 |
Loss from ordinary activities after tax attributable to members | Up | 189% to | $2,378,227 |
Net loss for the period attributable to members | Up | 189% to | $2,378,227 |
Dividends | ||
The Directors do not propose to recommend the payment of a dividend in respect of the period. | ||
Net Tangible Asset Backing | As at 31 December 2016 | As at 30 June 2016 |
Net tangible asset backing per ordinary security (cents per share) | $0.024 | $0.029 |
Brief explanation of any of the figures reported above: | ||
The revenue for this half year predominantly comprised $150,176 interest income and $163,459 income from Bioenergy projects. The loss from ordinary activities represents exploration and evaluation costs incurred, expenditure on bio energy projects and normal administrative overhead offset by interest income and recovery of remediation costs from Origin Energy. The group has net tangible asset backing of 2.4 cents per share and cash reserves of $10 million. |
Details of entities over which control has been gained or lost during the period: |
NIL |
This information should be read in conjunction with the most recent annual report and the Directors' report and the half year financial statements for the period.
DIRECTORS' REPORT
Your Directors submit their report for the half year ended 31 December 2016.
DIRECTORSThe names of the Directors of ReNu Energy Limited in office during the half year and until the date of this report are as follows.
Keith Spence (Non-executive Chairman) Resigned 25 November 2016 Jack Hamilton (Non-executive Chairman) Appointed Chairman 25 November 2016 George Miltenyi (Non-executive Director) Richard Brimblecombe (Non-executive Director) Christopher Murray (Managing Director & CEO)Directors were in office for this entire period unless otherwise stated.
COMPANY SECRETARY Tim Pritchard CORPORATE STRUCTUREReNu Energy Limited is a company limited by shares, incorporated and domiciled in Australia. It listed on the Australian Securities Exchange on September 2002 under code GDY. The company changed its name from Geodynamics Limited to ReNu Energy Limited (ASX: RNE) on 30 November 2016. Its registered office and principal place of business is Level 1, 9 Gardner Close, Milton QLD 4064.
PRINCIPAL ACTIVITIESThe principal activities of ReNu Energy Limited during the half were focussed on progressing the bioenergy opportunities brought to the business through the acquisition of Quantum Power in September 2015 while also accelerating our search for profitable growth investments in the clean technology sectors which are complementary to the Quantum business.
While actively seeking diversification opportunities we have continued to progress activities required for the remediation of our geothermal tenements in the Cooper Basin in accordance with the relevant state regulations and environmental requirements.
ReNu Energy Ltd. published this content on 24 February 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 24 February 2017 08:28:05 UTC.
Public permalinkhttp://www.publicnow.com/view/EDA171D4C600F53EBE5572A956E8BA35E3BABB1B