Laserbond Limited Recommends 2014 Interim Dividend, Payable on 4 April 2014; Reports Consolidated Unaudited Earnings Results for the Six Months Ended December 31, 2013
February 27, 2014 at 08:46 pm
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The directors of Laserbond Limited have recommended the payment of an interim dividend of 0.2 cents per fully paid ordinary share compared to 0.2 cents paid in 2012, fully franked based on tax paid at 30%. The aggregate amount of the proposed dividend expected to be paid on 4 April 2014 out of retained earnings at 31 December 2013, but not recognized as a liability, is AUD 173,418.
The company reported consolidated unaudited earnings results for the six months ended December 31, 2013. For the period, the company reported revenue from continuing operations of AUD 4,851,589 compared with AUD 4,360,452 for the same period a year ago. Profit before income tax from continuing operations was AUD 394,154 compared with loss before income tax from continuing operations of AUD 2,914,891 for the same period a year ago. Profit from continuing operations was AUD 274,516 or 0.32 cents per diluted share compared with loss from continuing operations of AUD 2,950,985 or 3.46 cents per diluted share for the same period a year ago. Net profit attributable to members of LaserBond Limited was AUD 135,723 or 0.16 cents per diluted share compared with net loss attributable to members of LaserBond Limited of AUD 3,120,163 or 3.66 cents per diluted share for the same period a year ago. Net cash used in operating activities was AUD 74,819 compared with net cash provided by operating activities of AUD 383,735 for the same period a year ago. Payments for plant and equipment was AUD 27,909 compared with AUD 15,332 for the same period a year ago.
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 Recommends 2014 Interim Dividend, Payable on 4 April 2014; Reports Consolidated Unaudited Earnings Results for the Six Months Ended December 31, 2013