Embelton Limited Reports Consolidated Earnings Results for the Half Year Ended December 31, 2012; Declares Fully Franked Interim Dividend, Payable on April 12, 2013
February 21, 2013
Share
Embelton Limited reported consolidated earnings results for the half year ended December 31, 2012. For the period, the company reported revenue of AUD 16,983,000, profit before income tax expense of AUD 865,000, and net profit for the period of AUD 605,000 or 28.0 cents basic and diluted per share as compared to revenue of AUD 18,944,000, profit before income tax expense of AUD 1,302,000, and net profit for the period of AUD 904,000, or 41.9 cents basic and diluted per share for the same period a year ago. Net cash provided by operating activities was AUD 1,305,000 compared to net cash used in operating activities of AUD 1,195,000 a year ago. Payments for property, plant and equipment were AUD 66,000 compared to AUD 312,000 a year ago. Net tangible asset per ordinary share was 5.20 cents compared to 4.99 cents a year ago.
On February 21, 2013 the directors declared a fully franked interim dividend of 13.0 cents per share to the holders of fully paid ordinary shares in respect of the half-year ended December 31, 2012, to be paid to the shareholders on April 12, 2013. This dividend has not been included as a liability on these financial statements. Record date for determining entitlements to dividends is March 22, 2013.
Embelton Limited provides a service of installation of flooring and other products. Its principal activities consist of the manufacture, distribution and installation of flooring products and services, structural noise and vibration control systems, metal fabrication, rubber and cork sheeting and other industrial products. Its segments include Commercial, Merchandising and Manufacturing. Commercial segment comprises the supply and installation of various building materials and installation on commercial projects. Merchandising segment comprises the sale of various building materials into all other sectors. Manufacturing segment is engaged in manufacturing operations supplying both market segments. Its flooring and consumer products include wooden parquetry flooring, prefinished and natural strip flooring, timber, hybrid, laminate and vinyl flooring and others. Its industrial and construction products include spandex cork jointing, other jointing media, tube and pipe bending and others.
Embelton Limited Reports Consolidated Earnings Results for the Half Year Ended December 31, 2012; Declares Fully Franked Interim Dividend, Payable on April 12, 2013