LASERBOND LIMITED RESULTS FOR ANNOUNCEMENT TO THE MARKET
Year To 30th June 2014 Year To 30th June 2013
Revenues from ordinary activities $10,913,789 Down 19.3% from $13,526,724
Net Profit / (Loss) from Ordinary Operating Activities after Tax Attributable to Members
$638,149 Up 114.8% from ($4,322,703)
Net Profit / (Loss) Attributable to
Members
$638,149 Up 114.8% from ($4,322,703)
Earnings per share (cents) from profit attributable to members
0.73c Up 114.4% from (5.07c)
Net Tangible Assets per Ordinary
Share (NTA Backing - cents)
6.8c Down 1.4% from 6.9c
Revenues from continuing operations $9,669,960 Up 3.0% from $9,392,657
Net Profit / (Loss) Attributable to
Members from continuing operations
$740,812 Up 121.4% from ($3,460,148)
Earnings per share (cents) from continuing operations
0.85c Up 121.1% from (4.02c)
Revenues from discontinued operations
$1,243,829 Down 70.9% from $4,281,190
Net Profit / (Loss) Attributable to Members from discontinued operations
($102,663) Up 88.7% from ($905,162)
Dividends | Amount Per Share (cents) | Total | Franked Amount | Record Date | Payment Date |
Interim | 0.2 | $173,418 | 100% | 29th March 14 | 11th April 14 |
Final | 0.2 | $174,795 | 100% | 12th September 14 | 26th September 14 |
$348,213 |
Since year end the Board has considered the group's needs for cash to fund growth and resolved to maintain dividends at the same level as 2013 with the payment of a final 2014 dividend of 0.2 cents per share, fully franked based on tax paid at 30%. As the Board resolution regarding dividends was made after
30 June 2014, the dividend will be paid from retained earnings but is not recognised as a liability in the financial statements at year end.
During the period LaserBond Limited had a Dividend Reinvestment Plan (DRP) in operation. Under the DRP shareholders may elect to have dividends on some or all of their ordinary shares automatically reinvested in additional LaserBond shares, at a discount to the market price. Full details of the operation of the DRP are contained in the Terms and Conditions available on the LaserBond website: www.laserbond.com.au .
The Board has resolved to not offer the DRP for the 2014 Final Dividend.
Please refer to the Directors' Reports on pages 15 to 20 of the annual report lodged immediately after this announcement for detail on revenue and operating results, including development plans to ensure future growth and profits.
Preliminary Statement of Profit or Loss and Other Comprehensive IncomeRefer to page 31 and accompanying notes from page 35 of the annual report lodged immediately after this announcement.
Preliminary Statement of Financial PositionRefer to page 32 and accompanying notes from page 35 of the annual report lodged immediately after this announcement
Preliminary Statement of Cash FlowsRefer to page 33 and accompanying notes from page 35 of the annual report lodged immediately after this announcement
Preliminary Statement of Retained EarningsRefer to page 34 and accompanying notes from page 35 of the annual report lodged immediately after this announcement
Net Tangible Assets per Ordinary Share (NTA Backing)
As at June 2014 As at June 2013
$0.068 $0.069
Note: As at 30th June 2014 total number of shares issued were 87,397,357 compared to 86,090,776 as at
30th June, 2013.
Details of SubsidiariesDuring the period from 1st July 2013 to 30th June 2014, LaserBond Limited has not gained or lost control over any entities.
Details of Associates and Joint Venture EntitiesDuring the period from 1st July 2013 to 30th June 2014, LaserBond Limited has no interest in any Associates or Joint Venture Activities.
Accounting Standards
Australian Accounting Standards, including Australian equivalents to International Financial Reporting
Standards (AIFRS) have been used in compiling the information contained in this Appendix 4E.
This report is based on accounts which have been audited. Please refer to Note 1 of the Annual Report lodged immediately after this announcement from page 35 for details.
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