ASX ANNOUNCEMENT – 20 December 2004 Astron Limited Revenue and Profit for the year ending 30th June 2005 forecast to increase by 25%
The Directors of Astron Limited are pleased to advise shareholders with an outlook for revenue and profit for the year ending 30th June 2005.
Trading currently continues to move satisfactorily and the business of the company continues to expand. Accordingly, revenue is expected to achieve A$126 million (2004 A$104.4m) for the current year with profit after tax expected of A$19 million (2004 A$15.2).
Astron Current Cash on Hand The company’s current cash on hand is approximately A$17m. Proposed Capital Raising Cancelled The Directors of Astron Ltd wish to advise shareholders that on 16th December they requested a ‘trading halt’ in the company’s shares pending an announcement.
The reason for the halt request was that they were seeking interest in a 15% placement of the companies shares to interested parties, intended to be made together with a proposed shareholder purchase plan in order to raise additional funds for capital expansions and to improve liquidity of the trading stock on the ASX.
As the placement was not filled these plans were abandoned.
Matthew Suttling Secretary Principal (China) Office Shenyang Astron Mining Industry Limited 7th Floor, Tongda Building No 338 Daxi Road, Shenhe District Shenyang, Liaoning Province, China 110013 Telephone: 86 24 2295 0406 Facsimile: 86 24 2295 1491 http://www.astronchem.com
ATR Price at posting:
0.0¢ Sentiment: None Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)