Health and Plant Protein : Appendix 4D and Half Year Report to 31 December 2021

use only
Appendix 4D Listing Rule 4.2A.3
personal
Half-Year
For
For the

Report six months ended 31 December 2021

Health and Plant Protein Group Limited Level 3, 159 Coronation Drive, Milton, Queensland 4064 Phone [phone] ABN 68 010 978 800 ASX Code HPP

In this onlyreport

For usepersonal

04		Appendix 4D - Half-Year Report
08		Directors' Report
12		Auditor's Declaration of Independence

Interim financial report

14		Consolidated Statement of
	Financial Position
15		Consolidated Statement of Profit or
	Loss and Other Comprehensive Income
16		Consolidated Statement of Cash Flows
17		Consolidated Statement of
	Changes in Equity
18		Notes to the Consolidated Interim
	Financial Report
25		Directors' Declaration
26		Independent Auditor's Review Report

2 | Health and Plant Protein Group Limited - Half-Year Report as at 31 December 2021

For personal use only

Health and Plant Protein Group Limited - Half-Year Report as at 31 December 2021 | 3

Appendix 4D - Half-Year Report

use only

Health and Plant Protein Group Limited - ABN 68 010 978 800

Half-year ended 31 December 2021

Unless otherwise stated, the information provided for the previous corresponding period is for the half-year ended 31 December 2021.

Results for Announcement to the Market

Comparison to previous corresponding period	31 December 2021	31 December 2020	$ Increase
$'000	$'000	change %
Revenue from continuing operations	22,347	17,691	4,656 or 26%
Profit/(Loss) from continuing operations after tax attributable to members	(1,340)	(3,706)	2,366 or 64%
Profit/(Loss) for the period attributable to members	(1,340)	(3,221)	1,881 or 58%

Refer to the attached Consolidated Interim Financial Report for further detail of the aforementioned results.

For personal

64%

26%

58%

Revenue from	Profit/(loss) from	Profit/(loss) for the
continuing	continuing operations	period attributable
operations	after tax attributable to	to members
	members

4 | Health and Plant Protein Group Limited - Half-Year Report as at 31 December 2021

For personal use only

Dividends (Distributions)

No dividend has been paid or declared for the half-years ended 31 December 2021 and 31 December 2020. No dividend or distribution reinvestment plans were in operation during the half-year.

A brief explanation of the figures reported is below. Further detail is included in the Review of Operations.

The Group recorded a net profit/(loss) after tax of ($1,340,000) for the half-year ended 31 December 2021 inclusive of income tax expense of $204,000 for the corporate segment and USD$500,000 (AUD$696,000) for the macadamia segment. This compares to the prior half-year net profit/(loss) after tax of ($3,221,000) inclusive of income tax and discontinued operations. The tax expense represents the movement in current and deferred tax in the period.

The net profit/(loss) before tax from continuing operations was ($440,000) compared to ($4,376,000) for the previous comparative period.

	2021	2020
	$'000	$'000
NET PROFIT / (LOSS) FOR THE HALF-YEAR	(1,340)	(3,221)
Profit/(loss) from discontinued operations	-	485
Profit/(loss) from continuing operations for the half-year attributable to members	(1,340)	(3,706)
Tax expense/(benefit)	900	(670)
Group profit/(loss) from continuing operations before income tax	(440)	(4,376)

The Group profit/(loss) before tax of ($440,000) was contributed to by:
	2021	2020
	$'000	$'000
Business Segments
Macadamia operations	2,050	905
Other	63	(2,243)
Total	2,113	(1,338)
Fair value gain/(loss) on derivative	(824)	(665)
Corporate overhead expenses	(983)	(1,180)
Finance costs	(746)	(1,193)
Group profit/(loss) from continuing operations before income tax	(440)	(4,376)

The Macadamia segment profit

$ 2.05M

Report Year-Half - 4D Appendix

for the half-year ended 31 December 2021