Preliminary result & dividend

Results announcement


CMO

Results for announcement to the market
Name of issuer The Colonial Motor Company Limited
Reporting Period 12 months to 30 June 2019
Previous Reporting Period 12 months to 30 June 2018
Amount (000s) Percentage change
Revenue from ordinary
activities
$ 909,002 +0.5%
Profit from ordinary activities
after tax attributable to
security holder
$ 22,060 -10.9%
Net profit attributable to
security holders
$ 21,901 -12.3%
Final Dividend
Amount per Quoted Equity
Security
NZD $0.300000
Imputed amount per Quoted
Equity Security
NZD $0.116667
Record Date 11 October 2019
Dividend Payment Date 21 October 2019
Net tangible assets per
Quoted Equity Security
2019 2018
$ 6.37 $ 5.99
A brief explanation of any of
the figures above necessary
to enable the figures to be
understood
The Directors consider the trading profit after tax for the year at
$22.1m was a very satisfactory result in a changing industry. It
was in line with the result for 2017.
2018 was an exceptional year, capping nine years of continuous
growth. This year, however, the new vehicle industry slowed to
a growth of 1% in the first six months of the financial year then
declined by 5% in the second half. Southpac Trucks, with
Kenworth and DAF, continued to perform strongly. The new
vehicle industry remains as historically high levels and the
Company’s balance sheet enables it to adapt to changes.
Authority for this announcement
Name of person

authorised
to make this announcement
Nicholas Bartle, Company Secretary
Contact phone number 04 3849734 / 027 5788568
Contact email address nick.bartle@colmotor.co.nz
Date of release through MAP

14 August 2019

Unaudited financial statements accompany this announcement.

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Corporate Action Notice
(for a Distribution)

CMO
Page 1 of 1


Section 1: issuer information All amounts are stated in NZD
Name of issuer The Colonial Motor Company Limited
Financial product name/description Ordinary shares
NZX ticker code CMO
ISIN (If unknown, check on NZX website) NZ CMDE 000157
Type of distribution
(Please mark with an X in the relevant box/es)
Full Year X Quarterly
Half Year Special
DRP applies
Record date Close of trading on 11 October 2019
Ex-Date 10 October 2019
Payment date 21 October 2019
Total monies associated with the distribution $9,808,390
Source of distribution Retained earnings
Section 2: distribution amounts
Total amount $0.416667
Cash per financial product $0.300000
Supplementary distribution $0.052941
Section 3: imputation and withholding tax
Is the distribution imputed Fully imputed
Imputation rate applied 28%
Imputation tax credits per share $0.116667
Resident withholding tax amount per share $0.020833
Section 4: distribution re-investment plan – not applicable
Section 5: authority for this announcement
Name of person authorised to make this
announcement
Nicholas Bartle,
Company Secretary
Contact phone number 04 384 9734
Contact email address cmc@colmotor.co.nz
Date of release via MAP 14 August 2019