half yearly is out..
SFE MEDIA RELEASE Date: 27 August 2003 “SFE Announces 2003 Half Year Result” Sydney, Australia, 27 August 2003 – SFE Corporation today released its financial results for the half year ending 30 June 2003. The full financial results for this period are attached to this release. The highlights include: Net profit after tax (NPAT) was $18.4 million, up from $12.9 million for the comparable prior half. Revenue (excluding interest) of $50.3 million, up from $48.3 million for the comparable prior half, underpinned by a substantial growth (19%) in trading volumes. Cash operating expenses (excluding interest) of $25.3 million, down from $29.2 million for the comparable prior half. An interim dividend of 10.5 cents per share, fully franked representing 75% of the underlying NPAT attributable to SFE shareholders and an increase of 5.6 cents (or 114%) over the prior comparable interim dividend. In releasing the results SFE’s Managing Director and CEO, Robert Elstone, said “In our third year as a demutualised corporation and second year as a publicly (ASX) listed entity it is pleasing to continue to see SFE’s performance indicators trending in the right direction. We continue to work diligently on lowering our cost base at the same time as developing and improving our relationships with shareholders, regulators and a very wide range of users of our exchange traded products and non exchange based services. It is particularly pleasing to see users benefiting from growth in traded volumes at the same time as shareholders receiving a marked uplift in dividends. Based on management initiatives in place and a strong first half performance, we believe that we will achieve a satisfactory full year result for 2003.” For additional information please read the attached full report or contact: Media Shareholders Jeremy Johnston Martin Davey General Manager Marketing Chief Financial Officer and Corporate Communications SFE Corporation Limited SFE Corporation Limited Tel: 61 2 9256 0576 Tel: 61 2 9256 0504 1 SFE CORPORATION LIMITED ABN 74 000 299 392 HALF-YEAR FINANCIAL REPORT 30 JUNE 2003
.......3 MANAGING DIRECTOR’S REPORT SFE’s net profit after tax (NPAT) for the half year to 30 June 2003 was $18.4 million. This was 43% up on the prior comparable half and largely a product of revenue growth (excluding interest) of 4% and a reduction in cash operating expenses (excluding interest) of 13%. A full review of financial performance is contained in the Financial Review section of this half year report. Set out in this section is a review of trading conditions and business developments for the first half of 2003 and the basis for the outlook for the balance of the financial year.
SFE Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
