Sydney - Friday - February 13: (RWE Australian Business News) - XRF Scientific Ltd (XRF) lifted net profit 16pc to $1.59m in the six months ended December 31 from $1.37m for the first half of last year.
Earnings before interest and tax rose 12pc to $2.04m from $1.82m on revenue up 1pc to $10.79m from $10.67m.
Basic earnings per share were 1.2c, up from 1.0c.
A maiden interim dividend of 0.5c, fully franked, will be paid on March 6 to shareholders registered February 20.
Directors said the result reflected improving conditions for capital equipment, with sales of consumable and precious metal products remaining steady.
This has allowed the company to generate strong growth both on the PCP and 2H14.
The increase is directly attributable to its long-term strategy of expansion via new product developments, growing international sales and acquisitions.
Non-mining revenue has now grown to a point where the company estimates that it makes up approximately 25-30pc of sales.
Contributing towards this are new product releases such as the xrFuse 2 electric fusion machine, as well as the appointment of new distributors in countries such as China, South Korea, Malaysia and Turkey.
Long-term partners in Europe and the US, and the company's office in Canada also continue to drive such exposures.
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courtesy of Bell Direct
XRF Price at posting:
23.0¢ Sentiment: Buy Disclosure: Held
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