Name of entity: OrotonGroup Limited
ABN: 14 000 038 675
Reporting period: For the year ended 30 July 2016
Previous period: For the year ended 25 July 2015
2. Results for announcement to the market Revenues from ordinary activities | up | 3.3% | to | $'000 136,439 |
Earnings Before Interest, Tax, Depreciation, Amortisation and Impairment (EBITDA) | up | 18.6% | to | 12,917 |
Earnings Before Interest and Tax (EBIT) | up | 10.5% | to | 6,214 |
Profit from ordinary activities after tax attributable to the owners of OrotonGroup Limited | up | 31.4% | to | 3,443 |
Profit for the year attributable to the owners of OrotonGroup Limited | up | 31.4% | to | 3,443 |
Underlying Earnings Before Interest and Tax (Underlying EBIT)* | up | 15.2% | to | 7,857 |
Dividends
Amount per security Franked amount per security Cents CentsFinal dividend for the year ended 25 July 2015 paid on 21 October 2015 | 2.0 | 2.0 |
Interim dividend for the year ended 30 July 2016 paid on 20 April 2016 | 6.0 | 6.0 |
On 21 September 2016 the directors declared a fully franked final dividend of 3 cents per ordinary share with a record date of 12 October 2016 to be paid on 26 October 2016.
Comments
For an explanation of the results refer to the Full Year Results Announcement and Investor Presentation dated 22 September 2016 and the 'Operating and Financial Review' on pages 3 to 9 of the Annual Report
* Underlying EBIT is disclosed to assist the users of the financial statements understand the performance of the Group on a comparable basis. Underlying EBIT is reconciled to IFRS audited measurements through the add back of store asset impairments totalling
$1,643,000. Underlying comparatives are reconciled to IFRS audited measurements through the add back of the onerous Hong Kong Store lease after exit ($832,000), the closure of the Singapore office ($189,000) and the trading losses ($1,827,000) and gain on exit ($1,655,000) from Brooks Brothers Australia. Underlying comparative add backs total $1,193,000.
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Net tangible assets
Reporting period
Previous period
Cents Cents
Net tangible assets per ordinary security 85.10 108.13
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Dividends
Current period
Amount per security Franked amount per security Cents CentsFinal dividend for the year ended 25 July 2015 paid on 21 October 2015 2.0 2.0
Interim dividend for the year ended 30 July 2016 paid on 20 April 2016 6.0 6.0
Previous period
Amount per security Franked amount per security Cents CentsFinal dividend for the year ended 26 July 2014 paid on 22 October 2014 8.0 8.0
Interim dividend for the year ended 25 July 2015 paid on 15 April 2015 4.5 4.5
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Details of associates and joint venture entities
Reporting entity's percentage holding
Contribution to profit/(loss) (where material)
Reporting period
Previous period
Reporting period
Previous period
Name of associate / joint venture % % $'000 $'000
Share of losses of Brooks Brothers Australia joint venture - - - (1,827) Gain on exit of Brooks Brothers Australia joint venture - - - 1,655
Group's aggregate share of associates and joint venture entities' profit/(loss) (where material)
Profit/(loss) from ordinary activities before income tax - (172)
Income tax on operating activities - -
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Foreign entities
Details of origin of accounting standards used in compiling the report:
All foreign subsidiaries financial information was prepared under the International Financial Reporting Standards ('IFRS').
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Audit qualification or review
Details of audit/review dispute or qualification (if any):
tatements have been audited and an unqualified opinion has been issued.
ntshments (if any):
eport of OrotonGroup Limited for the year ended 30 July 2016 is attached.
______________________ Dat
The financial s
- Attachme Details of attac The Annual R
- Signed
Signed
e: 21 September 2016
John P Schmoll
Non-Executive Chairman Sydney
OrotonGroup Limited ABN 14 000 038 675 Annual Report - 30 July 2016OrotonGroup Limited published this content on 22 September 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 22 September 2016 00:38:08 UTC.
Original documenthttp://www.orotongroup.com.au/investor-relations/asx-releases?task=weblink.go&id=198
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