For personal use only

15 February 2022

The Manager, Listings

Australian Securities Exchange

Company Announcements Office

Level 4,

Exchange Centre

20 Bridge Street

Sydney, NSW 2000

Via e-lodgement

Dear Sir

Tassal Group Limited (TGR): Market Release

Results for the Half-Year Ended 31 December 2021

We attach the following:

  1. Results announcement for the half-year ended 31 December 2021.
  2. Appendix 4D - "Half-Year Report" incorporating the consolidated financial report and the Directors' Report.
  3. Investor presentation for the half-year ended 31 December 2021.

Please release this information to the market.

Yours faithfully

Monika Maedler Company Secretary Tassal Group Limited monika.maedler@tassal.com.au(03) 6244 9035

only

TASSAL GROUP LIMITED

ABN 15 106 067 270

APPENDIX 4D

HALF-YEAR REPORT

for the Half-Year ended 31 December 2021

use

(previous corresponding period: Half-Year ended 31 December 2020)

RESULTS FOR ANNOUNCEMENT TO THE MARKET

Compliance Statement

1.

The attached financial report has been prepared in accordance with AASB Standards, other AASB

personal

authoritative pronouncements and Interpretations or other standards acceptable to ASX.

5.

The entity has a formally constituted Audit Committee.

2.

The attached financial report, and the accounts upon which the report is based, use the same accounting

policies.

3.

The attached financial report gives a true and fair view of the matters disclosed.

4.

The attached financial report has been independently reviewed by the Company's auditors. The financial

report is not subject to a qualified independent Auditor's Review Report.

ForJ. Fazzino

Chair

Tassal Group Limited

Hobart, 15 February 2022

TASSAL GROUP LIMITED

ABN 15 106 067 270

only

APPENDIX 4D

HALF-YEAR REPORT

for the Half-Year ended 31 December 2021

(previous corresponding period: Half-Year ended 31 December 2020)

use

RESULTS FOR ANNOUNCEMENT TO THE MARKET

Half Year

Half-Year

Period

Period

ended

ended

Movement

Movement

31 December

31 December

up / (down)

up / (down)

2021

2020

$'000

$'000

$'000

%

Revenue (from all sources)

419,081

292,478

126,603

43.29

EBITDA

19,369

24.99

96,880

77,511

EBIT

57,433

45,897

11,536

25.13

Profit before income tax expense

attributable to members

48,979

39,013

9,966

25.55

Income tax expense

(12,605)

(11,375)

1,230

10.81

Net profit after income tax expense

attributable to members

36,374

27,638

8,736

31.61

Basic EPS - cents per share

17.08cps

13.14cps

Amount

Franked

Dividends (Ordinary Shares)

per security

amount per

security

Final dividend:

-

Previous financial year - payment date 29 September 2021

7.00c

0.00c

Interim dividend:

-

Current reporting period * - payment date 30 March 2022

8.00c

0.00c

-

Previous corresponding period - payment date 30 March 2021

7.00c

0.00c

personal

*The financial effect of the Interim Dividend in respect of the current reporting period will be recognised in the next

reporting period because it has been declared subsequent to 31 December 2021

For

Record date for determining entitlements to the Interim Dividend

15 March 2022

Date of payment of Interim Dividend

30 March 2022

Brief explanation of any of the figures reported above necessary to enable figures to be understood.

Refer to the "Review of Operations" section at Item 4 in the accompanying Directors' Report which forms part of the Appendix 4D Half-Year Report, together with the Company's H1 2022 results media release.

only

TASSAL GROUP LIMITED

ABN 15 106 067 270

APPENDIX 4D

HALF-YEAR REPORT

for the Half-Year ended 31 December 2021

(previous corresponding period: Half-Year ended 31 December 2020)

RESULTS FOR ANNOUNCEMENT TO THE MARKET

use

Reported Earnings Per Ordinary Fully Paid Share (EPS)

Current Period

Previous

Corresponding

Period

Basic EPS - cents per share

17.08

13.14

Diluted EPS - cents per share

17.01

13.10

NTA Backing

Current Period

Previous

Corresponding

Period

Net tangible asset backing per ordinary security

$3.33

$3.27

TABLE A: Impact of AASB 141 "Agriculture".

personal

The following tables illustrate the effect on net profit after income tax from applying the AASB 141 "Agriculture"

accounting standard.

AASB 141

Impact

Half-year ended 31 December 2021

$'000

Revenue (from all sources)

$0

EBITDA

$27,925

EBIT

$27,925

Profit before income tax expense

$27,925

Income tax expense

$(8,378)

Net profit after income tax expense

$19,547

AASB 141

Impact

Half-year ended 31 December 2020

$'000

For

Revenue (from all sources)

$0

EBITDA

$9,465

EBIT

$9,465

Profit before income tax expense

$9,465

Income tax expense

$(2,839)

Net profit after income tax expense

$6,626

Monika Maedler

Company Secretary

Tassal Group Limited

15 February 2022

For personal use only

Tassal Group Limited

and its Controlled Entities

ABN 15 106 067 270

Appendix 4D: Half-Year Report (Pursuant to Listing Rule 4.2A)

Financial Report for the Half-Year Ended 31 December 2021

(The Half-Year financial report does not include all the notes of the type normally included in an Annual Financial Report. Accordingly, it is recommended that the Half-Year Report is read in conjunction with the Annual Financial Report of Tassal Group Limited for the Financial Year ended 30 June 2021 together with any public announcements made by Tassal Group Limited and its controlled entities during the half-year ended 31 December 2021 in accordance with the continuous disclosure requirements of the Listing Rules of the Australian Securities Exchange).

This is an excerpt of the original content. To continue reading it, access the original document here.

Attachments

  • Original Link
  • Original Document
  • Permalink

Disclaimer

Tassal Group Limited published this content on 15 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 February 2022 01:46:01 UTC.