quarterly, page-3

Good to see profit increasing:

The Company reported unaudited consolidated sales revenue of A$20m, gross profit from operations of A$4m and EBITDA of A$1.6m for the Quarter.

As at 31 March 2012, the Company had cash balances of A$6.6m (excluding the ZAR40m proceeds received from SIOC-cdt subsequent to the Quarter’s end, the ZAR100m balance due on 4 May 2012 and undrawn ABSA Capital project finance debt facilities of US$35m for the Penumbra Coal Mine development).


Q1 Q2 YTD
Total Revenue (A$’000) 20,018 / 49,890 / 69,908

Gross Profit (A$’000) 3,995 / 14,173 / 18,169

EBITDA (A$’000) 1,533 / 2,992 / 4,525