Reporting Season Update

• Industrea reported a record profit of $41.3 Million, up 122%. Revenue from ordinary activities up 192% from 65.6M to 192M. IDL also reported a fully franked dividend of $0.01 per share, record date 3 October 2008.
• Tassal Group has also posted another impresive result, with NPAT of $21.200 Million for the full year, an increase of 32.6%. TGR declared an unfranked final dividend of 3.5 cents per share, brought the total dividend for the year to 6.5 cents per share. Record date: 2nd October 2008.
• REX airlines reported an increase of 15.7 % in revenue, and a modest 3% increase in NPAT. Profit after tax increased as a result of higher revenue, cost containment measures via productivity commitee, Pel-Air, and Australian Airline Pilot Academy impact. REX also reported a fully franked dividend of $0.066 per share, record date 31 October 2008.
• IBA Health reported a net profit of $14.6 million for the year ended 2008, down from $22.9 million last year. EBITDA was $105.6 M, up from $32.3M (above guidance range), yet revenue at $360.9 M was below guidance. No dividend declared.
• OZ Mineral declared an interim dividend of $0.05 per share, unfranked. Ex dividend date is 28 August 2008, record date 03 September 2008.
• Mount Gibson Iron (MGX), reported a record full year NPAT of $113.3 M, up 137% from previous year. Cash on hand $48.7 M, debt drawn on June 2008 $ 105 M. No dividend declared.
• Runge Limited, reported an NPAT of $8.0M, an 11% increase to the forecast proforma NPAT in Runge IPO's prospectus. RUL declared a fully franked dividend of 1.5 cents per share (payable on 6 October 2008).