WORLD REACH LIMITED 30 August 2016
The Manager
Market Announcements Platform Australian Securities Exchange
World Reach Limited
ABN 39010 568 804
5 / 8 Anzed Court, Mulgrave, Victoria, Australia 3170
T +61 3 8561 4200
F +61 3 9560 9055
E: info@worldreach.com.au
Appendix 4E and Audited Financial Statements and Reports for year ending 30 June 2016The Company encloses its Appendix 4E (Preliminary Final Report) together with audited FY2016 Financial Statements and Reports including all Notes to the accounts, Directors Reports, Corporate Governance Statement and ASX Information.
Yours faithfully
Dennis Payne
Secretary
WORLD REACH LIMITED ABN 39 010 568 804 Appendix 4E Preliminary Final Report Year ended 30 June 2016-
Reporting periods
Current reporting period Year ended 30 June 2016 Previous corresponding period Year ended 30 June 2015
- Results for announcement to the market
$A
2.1 | Revenue from ordinary activities | Down | 27 % | to 12,378,060 | |
2.2 | Profit from ordinary activities after tax attributable to members | Profit of 481,422 for FY 2016 | Profit of 2,012,867 for FY 2015 | ||
2.3 | Net profit for the period attributable to members | Profit of 481,422 for FY 2016 | Profit of 2,012,867 for FY 2015 | ||
2.4 | Dividends (distributions) | Amount per security | Franked amount per security | ||
Final dividend Interim dividend | NIL ¢ NIL ¢ | NIL ¢ NIL ¢ | |||
Previous corresponding period: Final dividend Interim dividend | NIL ¢ NIL ¢ | NIL ¢ NIL ¢ | |||
2.5 | Record date for determining entitlements to the dividend | N/A | |||
2.6 | EXPLANATION In FY2015 the Group brought to account $1,406,402 of income tax benefit derived from accumulated tax losses, after a net profit before tax of $644,934. In FY2016 net profit before tax from the Group's operations was $417,011, a 35% reduction on the prior year. The major factor in the reduction of revenues and of net profit before tax was the delay in receipt of a significant product order for Iridium GO!®, which is a major product for the World Reach Group, in time for deliveries to be effected before 30 June 2016. Refer also to Item 14 - Commentary on results for the year. | ||||
Refer to the attached financial statements together with notes for the year ended 30 June 2016.
-
Individual and total dividend or distribution payments
Dividend or distribution payments:
Amount
Date on which each dividend or distribution is payable
Amount per security of foreign sourced dividend or distribution
(if known)
N/A
N/A
N/A
N.A
Total
-
Dividend or distribution reinvestment plans
N/A
-
Net tangible assets/(liabilities) per security
30 June 2016 Cents per share
30 June 2015 Cents per share
13.0509c
11.8136¢
Net tangible assets / (deficiency of assets) per security
-
Details of entities over which control has been gained or lost during the period:
N/A
Name of the entity.
N/A
The date of the gain or loss of control.
Current period
Previous corresponding Period
$ N/A
$ N/A
Where material to an understanding of the report - the contribution of such entities to the reporting entity's profit from ordinary activities during the period and the profit or loss of such entities during the whole of the previous corresponding period.
-
Details of associates and joint venture entities
Name of entity
%
Holding
Aggregate Share of profit (losses)
Contribution to net profit
Current period
Previous correspon- ding period
Current period
Previous correspon- ding period
N/A
-
Other significant information
N/A
- Foreign entities
N/A
World Reach Limited published this content on 30 August 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 31 August 2016 00:28:06 UTC.
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