moving nicely, page-4

re: moving nicely ann now MEDIA RELEASE
27 August 2004
PCH ACHIEVES RECORD PROFIT FOR SECOND
SUCCESSIVE YEAR
Specialist construction services company PCH Group Ltd today announced a record net profit for
the second successive year with pre-tax earnings up 59% to $8.3 million. The Company also
announced a fully franked dividend of one cent per share, signaling its confidence in the outlook
ahead.
PCH specialises in the hire and installation of scaffolding and is experiencing growth in all
sectors in which it operates – the mining and international oil and gas industries and the
residential and commercial building sectors.
PCH started in 1995 with a $1.5 million acquisition of a Perth residential scaffolding hire
business and has successfully implemented its growth strategy of leveraging itself to the
Australian and international resources and oil and gas industries. In addition it is presently
expanding rapidly into the construction industry on the east coast of Australia.
The profit figure was achieved on a 45% increase in sales revenue to $49 million while EBITDA
increased 51% to $11 million. Net profit after tax of $6.9 million received the benefit of a $1
million one-off tax credit resulting from the adoption of the tax consolidation regime.
The Company’s operations in the second half continued the strong start in the December half but
pre-tax profit was $3.9 million compared to $4.4 million. The difference related entirely to
exchange losses and gains and, ignoring their impact, the second half result was marginally
better.
“The results reflect the continuing strong conditions and performance across virtually all sectors
in which the company operates,” said Mr James Cullen, Managing Director of PCH Group Ltd.