Antaria : Half Yearly Report & Appendix 4D

ANO

Antaria Limited ABN 54 079 845 855

108 Radium Street

Welshpool WA 61026

tel: [phone]

fax: [phone]

www.antaria.com

26 February 2016

Half year report to 31 December 2015 and Appendix 4D European approval for zinc oxide

Antaria Limited attaches its report for the half-year ended 31 December 2015 and accompanying Appendix 4D. The highlights of the half-year were:

• A 21% increase in total revenue for the half year of $2.181 million compared to $1.808 million in the prior corresponding period.

• A 43% increase in total ZinClear® revenue (ZinClear-IM™ and ZinClear-XP™) of $1.936 million for the half year, compared to $1.358 million in the prior corresponding period, and a 54% decrease in Alusion® revenue of $0.194 million for the half year, compared to $0.426 million in the prior corresponding period.

• 1,401% increase in net profit after tax of $304,574 for the half year, representing a $284,281 improvement over the comparable profit of

$20,293 in the prior corresponding period, due to the improved ZinClear® volumes, combined with tight cost control.

Antaria Limited is also pleased to advise that the European Commission will now adopt the draft Regulation regulating zinc oxide in the coming weeks, after the European Parliament and the Council did not object to the draft Regulation by the deadline of 21 February 2016. The new Regulation will amend the Cosmetics Regulation (EC) No 1223/2009 to authorise zinc oxide in cosmetic products under certain conditions. It would amend Annex VI to authorise zinc oxide at a concentration up to 25% as a UV-filter at both nano and non-nano form.

Antaria Limited has already experienced increased sampling and formulation activity by our European distribution partners and European brand owners in anticipation of this approval. Antaria expects the approval to positively impact future sales of ZinClear® into Europe.

The Board is actively reviewing all options we may be able to leverage and take advantage of as the first mover in this market for our zinc based products and Ecocert approval for our active ingredient.

For further information, please contact:

Rade Dudurovic - Non Executive Chairman Email: [e-mail]

Antaria Limited ABN 54 079 845 855

108 Radium St Welshpool, Western Australia 6106

tel [phone]

fax [phone]

www.antaria.com

ASX ANNOUNCEMENT (ASX: ANO) 26 FEBRUARY 2016

APPENDIX 4D - HALF YEAR REPORT - 31 DECEMBER 2015

Name of entity	Antaria Limited
ABN	54 079 845 855

1. DETAILS OF THE REPORTING PERIOD AND THE PREVIOUS CORRESPONDING PERIOD.

   
   

   Reporting period	1 July 2015 to 31 December 2015
   Previous corresponding period	1 July 2014 to 31 December 2014

   
   

2. RESULTS FOR ANNOUNCEMENT TO THE MARKET.

   
   

   2.1	Revenue from ordinary activities	Up	373,304	21%	To	2,180,934	From	1,807,630
   2.2	Profit (Loss) from ordinary activities after tax attributable to members	Up	284,281	1,401%	To	304,574	From	20,293
   2.3	Net profit / (loss) for the period attributable to members	Up	284,281	1,401%	To	304,574	From	20,293

   
   

3. The Company does not propose to pay a dividend in respect of the 2015 financial year.

   
   

4. Not applicable.

   
   

5. Refer separate announcement following.

   
   

6. NET TANGIBLE ASSETS PER SECURITY.

   
   

   Reporting period	0.72 cents per share
   Previous corresponding period	0.62 cents per share

   
   

7. DETAILS OF ENTITIES OVER WHICH CONTROL HAS BEEN GAINED OR LOST DURING THE PERIOD.

   
   

   Not applicable.

   
   

   
   

8. DETAILS OF INDIVIDUAL AND TOTAL DIVIDENDS OR DISTRIBUTIONS AND DIVIDEND OR DISTRIBUTION PAYMENTS.

   
   

   Nil.

   
   

9. DETAILS OF ANY DIVIDEND OR DISTRIBUTION REINVESTMENT PLANS IN OPERATION.

   
   

   Not applicable.

   
   

10. DETAILS OF ASSOCIATES AND JOINT VENTURE ENTITIES.

    
    

    Not applicable.

    
    

11. FOR FOREIGN ENTITIES, WHICH SET OF ACCOUNTING STANDARDS IS USED IN COMPILING THE REPORT (E.G. INTERNATIONAL ACCOUNTING STANDARDS).

    
    

    Not applicable.

    
    

12. IF ACCOUNTS ARE SUBJECT TO AUDIT DISPUTE OR QUALIFICATION, A DESCRIPTION OF THE DISPUTE OR QUALIFICATION.




This Appendix 4D is based upon Antaria Limited's Interim Report for the half-year ended 31 December 2015 which has been subject to an independent review.

A copy of the independent review report is set out on page 13 of the Interim Report. There is no audit dispute or qualification contained in this review report.







For further information, please contact:

Rade Dudurovic

Non-Executive Chairman Tel: [phone]

[e-mail]










Antaria Limited

ACN 079 845 855




Half-Year Report - 31 December 2015




Contents PAGE




Directors' Report 2

Auditor's Independence Declaration 4

Interim Financial Report 5 Consolidated Statement of Comprehensive Income 5 Consolidated Statement of Financial Position 6 Consolidated Statement of Changes in Equity 7 Consolidated Statement of Cash Flows 8 Notes to the Consolidated Financial Statements 9 Directors' Declaration 12

Independent Auditor's Review Report to the Members 13

This interim financial report does not include all the notes of the type normally included in an annual financial report. Accordingly, this report is to be read in conjunction with the annual report for the year ended 30 June 2015 and any public announcements made by Antaria Limited during the interim reporting period in accordance with the continuous disclosure requirements of the Corporations Act 2001.