2. Results for announcement to the market $'000 Revenues from...

2. Results for announcement to the market
$'000
Revenues from operations up 21.7% to 29,291
Profit from ordinary activities after tax attributable to the owners of Cue
Energy Resources Limited up 33.8% to 9,072
Profit for the half-year attributable to the owners of Cue Energy Resources
Limited up 33.8% to 9,072
Dividends
On 28 February 2024, the Board of Directors approved the declaration of a special distribution of $0.02 (2 cents) per fully paid
ordinary share, totalling approximately $14 million, reflecting the recent financial performance of the Company. This special
distribution has been declared as a Conduit Foreign Income (CFI), unfranked special dividend and will be paid 5 April 2024.
There were no dividends paid, recommended or declared during the previous financial period.
Comments
The consolidated entity’s profit after providing for income tax for the six months ended 31 December 2023 (1H FY2024)
amounted to $9.07 million (1H FY2023: $6.78 million) and EBITDAX of $19.29 million (1H FY2023: $15.93 million).
Financial position
The net assets of the consolidated entity increased by $8.56 million to $72.75 million during 1H FY2024 (30 June 2023: $64.19
million).