ASX Release
Financial Year 2004 Profit Guidance & Maiden Dividend
Following a review of current financial performance and expected trading conditions for the
remainder of the financial year, the Board of Sonnet Corporation Ltd (ASX code: SNN) is pleased
to inform shareholders that it anticipates that Sonnet’s Net Profit after Tax (NPAT) will be
between $2.3-$2.5 million (2003: $890,277) for the year ending June 2004.
This anticipated result represents a substantial improvement on the previous year’s performance
and, whilst overall industry conditions show signs of improvement, the Board has adopted a
conservative stance in formulating this earnings guidance.
In line with the expected earnings outcome for 2003/4 and given the company’s strong cash
position, the Board has decided to declare a maiden dividend (unfranked) of 1.5 cents per share.
The dividend will be payable on February 2, 2004, with the record date being January 19, 2004.
The payment of future dividends will depend on the continuation of favourable trading
performance, anticipated capital commitments and overall business strategy
By Order of the Board,
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great profit & dividend!
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