Operating Results
The consolidated entity has achieved an operating profit of $1,358,000 after providing for income tax revenue from the recognition of deferred tax assets arising from past operating losses and eliminating outside equity interest. (2005 profit $586,000.)
Operating revenue for the year ending 30 June 2006 was $9,225,000, up 35.05% on the prior year. The company has improved margins across all products and successfully increased the growth in subscription and advertising revenues across both print and on-line products.
Please refer to the Chief Executive Officer’s report for a detailed summary of the results for the year ending 30 June 2006.
Dividends
The Directors have resolved that the following dividend will be paid to ordinary shareholders.
The consolidated entity has achieved an operating profit of $1,358,000 after providing for income tax revenue from the recognition of deferred tax assets arising from past operating losses and eliminating outside equity interest. (2005 profit $586,000.)
Operating revenue for the year ending 30 June 2006 was $9,225,000, up 35.05% on the prior year. The company has improved margins across all products and successfully increased the growth in subscription and advertising revenues across both print and on-line products.
Please refer to the Chief Executive Officer’s report for a detailed summary of the results for the year ending 30 June 2006.
Dividends
The Directors have resolved that the following dividend will be paid to ordinary shareholders.
| Date Dividend is payable | 31 January 2007 |
| Record date to determine entitlement to the dividend | 24 October 2006 |
| Amount per ordinary security | 0.1c per share |
| Total Dividend | $182,619 |