Cellnet Limited ASX-CLT
PRESS RELEASE
In spite of difficult trading conditions including the impact of the closure of the Dick Smith Electronic stores, the Company is pleased to report a continuing improved result.
Profit after tax was up by 6% to $1.75m while earnings per share improved by 10% to 3.3 cents per share following the buyback of 4,124,800 shares during the financial year.
In the second half of the 2016 financial year, a number of organic growth opportunities were implemented, which are expected to further improve operating performance in the 2017 financial year. The Company is also continuing to seek value enhancing acquisition opportunities.
A fully franked dividend of 1 cent per share was paid in September 2015 and the Board has declared a fully franked final dividend of 1.25 cents per share for the 2016 financial year.
Alexander Beard Chairman
02 9087 8000
Cellnet Group Limited
and its controlled entities
ABN: 97 010 721 749
Financial Report Year Ended 30 June 2016
Section
Appendix 4E A
Financial Report B
Appendix 4E Final Report
Results for announcement to the market
Section A
Name of Entity
Cellnet Group Limited
ABN
97 010 721 749
Reporting Period
Full-year ended 30 June 2016
Previous Corresponding Period
Full-year ended 30 June 2015
Results
Revenue from continuing operations | Reporting Period | Previous | % Change |
Corresponding Period | Increase / (Decrease) | ||
$000 | $000 | ||
75,154 | 78,268 | (3.98%) | |
Revenue from ordinary activities | 75,154 | 78,268 | (3.98%) |
Profit/(Loss) from ordinary activities after tax attributable to members | 1,748 | 1,649 | 6.01% |
Net Profit/(Loss) for the period attributable to members | 1,748 | 1,649 | 6.01% |
Dividends
Amount per
Security
Franked Amount
per Security
Final dividend
$0.0125
$0.0125
Previous year final dividend
$0.01
$0.01
Commentary on Results:
Please refer to the attached commentary for a more detailed review of the Company.
Commentary on Dividends:
The company has declared a fully franked final dividend of 1.25c per share with a record date for determining entitlements to the dividend of 9th September, 2016 and which will be paid on 23rd September, 2016.
Net Tangible Assets:
30 June 2016
30 June 2015
Net tangible assets backing per share
24.4¢
21.7¢
Other Information:
Additional appendix 4E disclosure requirements can be found in the attached Financial report. This appendix 4E and financial report are based on accounts that have been audited. The audit report, which was unqualified, is included in the attached financial report.
Cellnet Group Limited published this content on 11 August 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 25 August 2016 00:14:05 UTC.
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