PNE Industries Ltd. announced unaudited group earnings results for the year ended September 30, 2012. For the period, the company reported revenue of $94,348,000, profit before tax of $6,766,000, profit of $5,607,000 and profit attributable to owners of the company of $5,607,000 or 1.67 cents per fully diluted share compared to revenue of $75,336,000, profit before tax of $2,833,000, profit of $2,416,000 and profit attributable to owners of the company of $2,416,000 or 0.72 cents per fully diluted share a year ago period. Net cash from operating activities was $510,000 compared to $5,541,000 a year ago period. Purchase of property, plant and equipment was $1,105,000 compared to $1,251,000 a year ago period. Group net asset value per ordinary share based on issued share capital as at the end of the current period reported on September 30, 2012 was 20.2 cents. Sales climbed $19.0 million or 25.2% compared to last year, due mainly to higher customer orders from the Contract Manufacturing segment.

The directors are recommend a first and final dividend of 0.4 cents one-tier exempt dividend per share, compared to previous corresponding period's first and final dividend of 0.3 cents one-tier exempt dividend per share, subject to the approval of the shareholders at the forthcoming Annual General Meeting. The dividend, if approved at the forthcoming Annual General Meeting, will be paid on February 25, 2013.