The Brisbane Markets Limited Board has finalised the financial results of the company for the financial year ended 30 June 2021.
The result reflects the ongoing solid performance of the underlying Brisbane Markets operations during a period of continued interruption and uncertainty, as well as the ongoing positive contribution from the company’s investment in Perth Markets.
The company has reported a strong underlying net profit before tax of $18.85 million, representing growth of 17.8% over the prior year. This reflects the operating result for Brisbane Markets and Perth Markets, prior to recognising the impact of property revaluations, income tax adjustments and fair value movements. Information relating to revaluations and income tax adjustments are summarised below, and will be detailed further in the Annual Report.
The financial performance of the company is summarised below:
The company has continued to improve its balance sheet with the completion of Building E1 and is currently working on a range of other future development opportunities and master planning initiatives. As highlighted in the table above, at year end total assets stood at $423.45 million with net assets at $206.05 million.
The company’s financial performance will be further elaborated upon in the company’s Annual Report, which will be distributed to all shareholders during October 2021, and at the Annual General Meeting, set down for Wednesday, 10 November, 2021 at 9am.
PAYMENT OF DIVIDEND
The Board of Directors wish to advise shareholders that a fully franked final dividend for the year of 8.25 cents per ordinary share, has been declared.
The total dividend paid in respect of the 2021 financial year will be 16.75 cents per ordinary share, fully franked, an increase of 0.75 cents per share on the total dividend paid last financial year.
The final dividend of 8.25 cents per ordinary share, fully franked, will be paid on Wednesday, 20 October 2021.
This will be paid to shareholders on the share register of the company at 5pm on Wednesday, 6 October 2021.
SHARE TRADING
Information in relation to recent share trading which has occurred is included on our website at https://brisbanemarkets.com.au/corporate/ and this information is updated on a monthly basis.
Any shareholder wishing to sell shares can do so by private treaty where they have identified a buyer, or can be put in touch with interested buyers by contacting Brisbane Markets Limited via email at shares@brisbanemarkets.com.au or phone (07) 3915 4200.
Andrew Young
Managing Director and CEO
For more information regarding this notice, please contact BML on (07) 3915 4200.