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Results for announcement to the market
(all comparisons to the year ended 30 June 2016)
The Appendix 4E should be read in conjunction with The Star Entertainment Group Limited's audited Directors' Report and Financial Report lodged with the Australian Securities Exchange (ASX) on 23 August 2017.
Results in accordance with Australian Accounting Standards
Revenue from ordinary activities
Profit from ordinary activities after tax attributable to members of the parent Net profit for the period attributable to members of the parent
Current period
$m
% change increase
2,344.0
264.4
264.4
3.3%
36.0%
36.0%
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Dividend information
Dividend reinvestment planYear ended 30 June 2017
Half year ended 31 December 2016
Fully franked dividend (amount per share) Record Date
Date Payable
8.5 cents
29 August 2017
26 September 2017
7.5 cents
22 February 2017
22 March 2017
The key terms of The Star Entertainment Group Limited's dividend reinvestment plan (DRP) in operation for the final dividend are:
No discount is applicable to shares issued under the DRP.
Shares issued under the DRP will rank equally in all respects with existing shares.
No brokerage, commission or other transaction costs will be payable by participants on shares acquired under the DRP.
The price at which shares are allocated under the DRP is the daily volume weighted average market price of The Star Entertainment Group Limited shares sold in the ordinary course of trading on the ASX over a period of 10 trading days beginning on (and including) the fourth trading day after the dividend record date.
30 August 2017
The last date for receipt of election notices for the dividend reinvestment plan is:
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Net tangible assets per share
Current period
Previous corresponding period
Net tangible asset backing per ordinary share
$1.72
$1.59
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Control gained over entities
During the year ended 30 June 2017, The Star Entertainment Group Limited gained 100% control over the following newly incorporated entities:
Name of entity
Date of incorporation
The Star Entertainment Gold Coast Holdings Pty Ltd
18 October 2016
The Star Entertainment GC Investments Pty Ltd
18 October 2016
The Star Entertainment GC Investments No.1 Pty Ltd
18 October 2016
The Star Entertainment International No.5 Pty Ltd
15 June 2017
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Investment in associate and joint venture entities
Current period
Previous corresponding period
Name of entity
Nature of ownership
Percentage of ownership interest
Net profit/(loss) for the period
Net profit/(loss) for the period
Destination Brisbane Consortium Integrated Resort Holdings Pty Ltd
Associate
50.0%
( 1.1)
( 0.1)
Festival Car Park Pty Ltd
Joint venture
50.0%
0.4
0.1
Destination Gold Coast Investments Pty Ltd
Joint venture
50.0%
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-
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Supplementary comments
Additional Appendix 4E disclosures and other significant information may be found in The Star Entertainment Group Limited's audited Directors' Report and audited Financial Report for the year ended 30 June 2017, and the media release lodged with the ASX on 23 August 2017.
- Independent auditor's report
The Financial Report of The Star Entertainment Group Limited for the year ended 30 June 2017 has been audited by the Company's independent external auditor, Ernst & Young. A copy of the Independent Auditor's Report may be found on page 82 of the Financial Report.
Star Entertainment Group Limited published this content on 23 August 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 23 August 2017 21:27:03 UTC.
Original documenthttps://www.starentertainmentgroup.com.au/s/1-Appendix-4E-59w2.pdf
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