Preliminary Final Report of
LogiCamms Limited
For the Financial Year Ended
30 June 2019
ABN 90 127 897 689
This Preliminary Final Report is provided to the Australian Stock Exchange (ASX) under ASX Listing Rule 4.3A
Current Reporting Period: Financial Year ending 30 June 2019
Previous Corresponding Period: Financial Year ending 30 June 2018
Results for announcement to the market
The merger between LogiCamms Limited and OSD Pty Ltd which completed on 28 June 2019 is treated for accounting purposes as a reverse acquisition. Accordingly, the consolidated financial statements of LogiCamms Limited (including its controlled entities) ("LogiCamms") have been prepared as a continuation of the consolidated financial statement of OSD Pty Ltd (including its controlled entities) ("OSD"). Therefore, the reported results are those of OSD for the period from 1 July 2018 to 30 June 2019 together with the results of LogiCamms for the period 28 June 2019 to 30 June 2019. The results for OSD also include the costs associated with the merger between LogiCamms Limited and OSD Pty Ltd, which has had a substantial impact on the results reported below. Reference should be had to the Financial Statements for additional information.
30 June 2019 | 30 June 2018 | Change | ||||||
$'000 | $'000 | |||||||
Revenue from ordinary activities | 35,030 | 41,972 | (16.54%) | |||||
Profit from ordinary activities after tax attributable to members | 181 | 4,706 | (96.15%) | |||||
Net profit for the year attributable to members | 292 | 4,637 | (93.70%) | |||||
Earnings per share: | ||||||||
Basic earnings per share (AUD cents per share) | 0.0 | 4.0 | (100%) | |||||
Diluted earnings per share (AUD cents per share) | 0.0 | 4.0 | (100%) | |||||
Dividends
No dividend for the year ended 30 June 2019 has been declared for LogiCamms, however as set out below OSD paid the set- out dividends in respect to the financial year prior to completion of the merger.
Total dividend per security
Current year | Previous year | ||||
Interim dividend - ordinary securities | 1 cent | 7 cents | |||
Final dividend - ordinary securities | - | 2 cents | |||
Total dividends paid or payable on all securities with respect to the financial year
30 June 2019 | 30 June 2018 | |||||
$'000 | $'000 | |||||
Ordinary securities | 2,184 | 1,003 | ||||
Total | 2,184 | 1,003 | ||||
Net tangible assets per security
30 June 2019 | 30 June 2018 | |||
Net tangible assets per security | 5 cents | 94 cents | ||
Entities over which control has been gained or lost during the period
On 28 June 2019 LogiCamms Limited gained control of the following entities:
Company Name | ACN |
OSD Pty Ltd | ACN 058 047 046 |
OSD Asset Services Pty Ltd | ACN 117 904 042 |
PIPEd Pty Ltd | ACN 117 496 741 |
OSD Projects Pty Ltd | ACN 153 827 279 |
OSD Velocity Pty Ltd | ACN 611 464 996 |
GWB Engineering Pty Ltd | ACN 058 405 762 |
Other than the above listed entities, there were no other changes to entities controlled by the Group during the year.
Details of associates and joint venture entities
The Group does not have any associates or joint venture entities.
Other information
Except for the matters noted above, all the disclosure requirements pursuant to ASX Listing Rule 4.3A are contained within LogiCamms Limited's Annual Financial Report for the year ended 30 June 2019 (which is set out in the 2019 Annual Report and released to market on 30 August 2019). This report is based on the Annual Financial Report which has been audited.
This report should be read in conjunction with the 2019 Annual Report released to market on 30 August 2019.
_________________________
Charles Rottier Chairperson
30 August 2019
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Disclaimer
LogiCamms Limited published this content on 30 August 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 August 2019 08:45:24 UTC