Laserbond Limited Reports Preliminary Consolidated and Parent Earnings Results for the Year Ended June 30, 2012; Recommends Final Dividend Payable on October 12, 2012
August 30, 2012 at 08:36 pm EDT
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Laserbond Limited reported preliminary consolidated and parent earnings results for the year ended June 30, 2012. For the period, the consolidated company reported profit before income tax expense of AUD 1,592,026, profit after tax from continuing operations of AUD 1,119,439 or 1.32 cents per diluted share and total comprehensive income attributable to members of company of AUD 1,119,439 on revenue of AUD 14,386,311 against profit before income tax expense of AUD 2,042,532, profit after tax from continuing operations of AUD 1,338,114 or 1.86 cents per diluted share and total comprehensive income attributable to members of company of AUD 516,730 on revenue of AUD 13,276,604 for the same period a year ago. Net cash inflow from operating activities was AUD 672,740 against AUD 897,907 a year ago. Payments for plant and equipment was AUD 1,517,064 against AUD 119,531 a year ago.
On a parent basis, the company reported revenue of AUD 9,792,742, profit before income tax of AUD 1,990,165 and profit after income tax of AUD 1,392,332 against revenue of AUD 8,159,668, profit before income tax of AUD 1,994,764 and profit after income tax of AUD 1,395,817 a year ago.
Directors have recommended the payment of a final dividend of 0.2 cents per fully-paid ordinary share (2011: 0.5), fully franked based on tax paid at 30%. The aggregate amount of the proposed dividend expected to be paid on 12 October 2012 out of retained earnings at 30 June 2012, but not recognised as a liability at year end. Record date is September 28, 2012.
Laserbond Limited is a surface engineering company. The Company is focused on the development and application of materials using advanced additive manufacturing technologies. It specializes in developing technologies and implementing its metal cladding methodologies. The Company operates through three segments: Services, Products, Technology, and Research & Development. The Services segment includes the reclamation or repair of worn components for end users, or the manufacture of products that do not incorporate LaserBond cladding applications. The Products segment is engaged in the manufacture of products incorporating LaserBond cladding applications. The Technology segment is engaged in the sale of LaserBond cladding technology and associated licensing fees and consumables supply. The Research & Development segment includes ongoing development of new or improved technology, applications, and products. It serves various industries, such as mining, manufacturing, and agriculture.
Laserbond Limited Reports Preliminary Consolidated and Parent Earnings Results for the Year Ended June 30, 2012; Recommends Final Dividend Payable on October 12, 2012