Normal Profit after Tax, which excludes significant items, was $99.8 million. This represents an increase of 25.9% when compared with the $79.3 million reported for the corresponding nine months to 31 March 2005.
ASX’s costs associated with the proposed merger with SFE Corporation were $2.5 million for the nine months to 31 March 2006. As these costs are expected to be capitalised, they are not included in the reported profit. Should the merger not proceed, all merger costs will be expensed and included in reported profit.
Normal Revenue2 for the nine months to 31 March 2006 was $223.2 million. This compares with $208.3 million Normal Revenue for the corresponding nine months to 31 March 2005, an increase of 7.2%.
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