For personal use only
25 February 2022
The Manager
Market Announcements Platform
Australian Securities Exchange
Appendix 4D Half Year Report and Financial Report
The Company, Beam Communications Holdings Limited, encloses its Appendix 4D (Half Year Report) and Half Year Financial Report for the six months ended 31 December 2021, including audited Financial Statements, Notes to the accounts, Directors Report and Auditors Review Report, for immediate release.
Yours faithfully
Dennis Payne
Company Secretary
For personal use only
Beam Communications Holdings Limited
Appendix 4D
Half year report ended 31 December 2021
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Beam Communications Holdings Limited
ABN 39 010 568 804
Appendix 4D
Half Year Report
Half Year ended 31 December 2021
The information contained in this Appendix 4D should be read in conjunction with the most recent Annual Report covering the financial year ending 30 June 2021.
1. Reporting periods
Current reporting period | Half year ended 31 December 2021 |
Previous corresponding periods | Half year ended 31 December 2020 |
Financial year ended 30 June 2021 |
2. Results for announcement to the market
$A | |||||
2.1 | Total revenue | Up 39.3% | to | $ 12,468,278 | |
2.2 | Profit from ordinary activities after tax attributable | Profit up by $204,148 from $ 183,960 | |||
to members | to $ 388,108 | ||||
2.3 | Net profit for the period attributable to members | Profit up by $204,148 from $ 183,960 | |||
to $ 388,108 | |||||
2.4 | Dividends (distributions) | Amount | Franked amount | ||
per security | per security | ||||
Final dividend | NIL ¢ | NIL ¢ | |||
Interim dividend | NIL ¢ | NIL ¢ | |||
Previous corresponding period: | |||||
Final dividend | NIL ¢ | NIL ¢ | |||
Interim dividend | NIL ¢ | NIL ¢ | |||
2.5 | Record date for determining entitlements to the | N/A | |||
dividend | |||||
For personal use only
Beam Communications Holdings Limited
Appendix 4D
Half year report ended 31 December 2021
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2.6 EXPLANATION
Record revenue for the six months to 31 December 2021, with all key divisions contributing to the growth in both income and earnings.
First half revenue increased by 39.3% over the previous corresponding period (pcp) to $12.5 million, the highest interim revenue figure in Beam's history. First half net profit after tax (NPAT) more than doubled to $388,108 (1HFY21: $183,960) despite Beam's ongoing investment to support the promotion of ZOLEO.
Beam's other product lines and businesses also reported strong growth in H1FY2022 compared to the same period last year. Its wholly owned subsidiary and Telstra's largest satellite equipment dealer, SatPhone Shop, recorded a 38% increase in interim sales vs. the pcp.
Meanwhile, sales of Beam equipment (not including ZOLEO) jumped 34% over the same period as the Company benefited from broad-based demand for portable satellite equipment as COVID- 19 restrictions eased. This demand is not only coming from retail consumers but also business and government customers.
Project amortisation of $488,404 related to the accumulated development costs of ZOLEO with the Australian Government R&D grants take up worth $306,636 related to grants received to 31 December, partially offsetting development expenses.
Income tax expense comprises current year tax of $18,770 incurred by the Group's USA subsidiary, which is unable to be claimed against Australian tax losses, and deferred tax benefit of $31,304 The deferred tax benefit reflects the movements in the deferred tax assets and liabilities. The directors have maintained a conservative approach and have recognised 60% (2020: 60%) of the deferred tax assets and liabilities inclusive of carried forward tax losses.
3. Net Tangible Assets per security
31 December 2021 | 30 June 2021 | |
Cents per share | Cents per share | |
Net tangible assets per security | 11.9638 | 8.2096 |
4. Details of entities over which control has been gained or lost during the period:
4.1 | Name of the entity. | N/A |
4.2 | The date of the gain or loss of control. | N/A |
Beam Communications Holdings Limited
Appendix 4D
Half year report ended 31 December 2021
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only
4.3 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.
Previous
Current period corresponding period
N/AN/A
For personal use
5. Individual and Total Dividend or Distribution Payments
Dividend or distribution | Amount | Date on which | Amount per |
payments: | each dividend or | security of foreign | |
distribution is | sourced dividend | ||
payable | or distribution | ||
(if known) | |||
N/A | N/A | N/A | N.A |
Total | |||
6. Dividend or Distribution Reinvestment Plans
N/A
7. Details of associates and joint venture
Name of entity | % | Aggregate Share of profit | Contribution | ||
Holding | (losses) | to net profit | |||
Current | Previous | Current | Previous | ||
period | correspon- | period | correspon- | ||
ding | ding | ||||
period | period | ||||
N/A | |||||
For personal use only
Beam Communications Holdings Limited
Appendix 4D
Half year report ended 31 December 2021
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8. Foreign entity accounting standards
N/A
9. Independent review of the financial report
The financial report for the half-year ended 31 December 2021 has been reviewed and will not be qualified or include any emphasis of matter.
Signed by Chairman:
Name: Mr Simon Wallace
Date: 25 February 2022
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Beam Communications Holdings Limited published this content on 24 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 February 2022 00:00:06 UTC.