Financial Results

Preliminary notes to the Financial Report

The Board of Brisbane Markets Limited (BML) thanks its shareholders for their ongoing support and is pleased to welcome new investors as a result of the recent capital raising, which raised $38.4 million for the ongoing development of the Brisbane Markets site.

BML’s mission is to provide infrastructure and services to facilitate the marketing and distribution of fresh food, flowers and other ancillary products. The company is pursuing growth through a number of strategic priorities including site utilisation and development.

BML’s strategies for growth have also centred on consolidating the footprint of the site to maximise the buildable area within the Brisbane Markets and developing our services to provide alternate revenue streams to support initiatives which directly and indirectly promote the role and the importance of the Brisbane Markets, as a Queensland’s only Central Market and an integral link in the fresh produce industry supply chain. Industry-based ownership of BML ensures that the organisation maintains a focus on the fresh produce industry, the needs of tenants and the longer-term operation, management and development of the site.

Since 2002, BML has committed more than $150 million to developing the site, including improving traffic flow and parking, improving safety and the construction of new office and warehouse space. An overview of the major projects undertaken by BML over the past 15 years, can be viewed by clicking here.

As announced on 11 September 2018, the Board was pleased to inform shareholders of the results of the company for the year ended 30 June 2018. BML recorded a net profit after tax of $13.02 million and declared a final dividend for the year of 8.25 cents per fully paid share, fully franked, with the holders of partly paid shares to be paid a pro-rata dividend amount of 4.125 cents per share, fully franked.

Shareholders on the share register of the company as at 5pm on Thursday, 4 October 2018 will be paid the dividend on Friday, 19 October 2018.

Shareholders who would like to manage their investment online, including updating address or bank account details ahead of the dividend payment should go to Link Market Services. Updates will need to be submitted to Link Market Services by 5pm on Thursday, 4 October 2018 to take affect for this dividend payment.

Andrew Young
CEO

CONTACT OUR CORPORATE DEPARTMENT

For more information on your investment in Brisbane Markets Limited, please call our Corporate Department on (07) 3915 4200 or email via the button below.