Cellnet : 11/08/2016 – FY16 Accounts Released

Cellnet Limited ASX-CLT

PRESS RELEASE

In spite of difficult trading conditions including the impact of the closure of the Dick Smith Electronic stores, the Company is pleased to report a continuing improved result.

Profit after tax was up by 6% to $1.75m while earnings per share improved by 10% to 3.3 cents per share following the buyback of 4,124,800 shares during the financial year.

In the second half of the 2016 financial year, a number of organic growth opportunities were implemented, which are expected to further improve operating performance in the 2017 financial year. The Company is also continuing to seek value enhancing acquisition opportunities.

A fully franked dividend of 1 cent per share was paid in September 2015 and the Board has declared a fully franked final dividend of 1.25 cents per share for the 2016 financial year.

Alexander Beard Chairman

02 9087 8000

Cellnet Group Limited

and its controlled entities

ABN: 97 010 721 749

Financial Report Year Ended 30 June 2016

Section

Appendix 4E A

Financial Report B

Appendix 4E Final Report

Results for announcement to the market

Section A

Name of Entity

Cellnet Group Limited

ABN

97 010 721 749

Reporting Period

Full-year ended 30 June 2016

Previous Corresponding Period

Full-year ended 30 June 2015

Results

Revenue from continuing operations	Reporting Period	Previous	% Change
		Corresponding Period	Increase / (Decrease)
	$000	$000
	75,154	78,268	(3.98%)
Revenue from ordinary activities	75,154	78,268	(3.98%)
Profit/(Loss) from ordinary activities after tax attributable to members	1,748	1,649	6.01%
Net Profit/(Loss) for the period attributable to members	1,748	1,649	6.01%

Dividends

Amount per

Security

Franked Amount

per Security

Final dividend

$0.0125

$0.0125

Previous year final dividend

$0.01

$0.01

Commentary on Results:

Please refer to the attached commentary for a more detailed review of the Company.

Commentary on Dividends:

The company has declared a fully franked final dividend of 1.25c per share with a record date for determining entitlements to the dividend of 9th September, 2016 and which will be paid on 23rd September, 2016.

Net Tangible Assets:

30 June 2016

30 June 2015

Net tangible assets backing per share

24.4¢

21.7¢

Other Information:

Additional appendix 4E disclosure requirements can be found in the attached Financial report. This appendix 4E and financial report are based on accounts that have been audited. The audit report, which was unqualified, is included in the attached financial report.