ABN 12 003 135 680
141 - 151 Fairfield Road Guildford NSW 2161
PO Box 460 Fairfield NSW 2165
Telephone: 61 2 9892 3888 Fax: 61 2 9892 2399
31 January 2013
The Manager
Companies Announcement Office
ASX Limited
20 Bridge Street
Dear Sir
Re: Forecast Earnings Half-Year December 2012 and Dividend Announcement
The Directors are pleased to advise that based on unaudited management accounts for the half-year to 31 December
2012 consolidated sales revenue was $32.7m, which is an increase of 10.8% on the corresponding period last year. Earnings before interest and tax (EBIT) for the half-year is expected to be around $3.09m.
Profit after income tax is expected to be around $2.08m.
Final half-year results will be released to the market in late February 2013.
Our strong performance for the first half is the result of continued sales growth and cost management.
During the latter part of the half year we relocated our Auckland branch and NZ distribution warehouse and opened a new branch in Kwinana WA. As previously announced, in the second half of the financial year we will relocate our Wellington branch and NZ Head Office and open a new branch and secondary distribution site at Smeaton Grange NSW. The additional operating costs of these growth investments will impact on results in the second half of the financial year.
The Directors maintain their full year EBIT forecast in the region of $6.0m, which would be in line with the EBIT
for June 2012.
Directors have declared a fully franked interim dividend of three and a half cents (3½) per share with a record date of 4 April 2013, to be paid on 18 April 2013, which is an increase of half a cent on last year's interim dividend.
The Director's advise that the Supply Network Limited Dividend Reinvestment Plan will not operate in respect of the interim dividend
Yours faithfully
Peter Gill
Company Secretary
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