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:
- Results announcement for the half-year ended 31 December 2021.
- Appendix 4D - "Half-Year Report" incorporating the consolidated financial report and the Directors' Report.
- 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).
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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.