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Big River Big River Industries Limited ( ACN 609 901 377 ) Big River Industries Limited ( ASX : BRI ) Headlines • • Results Announcement – Half Year Ending 31 December 2020 23 February 2021 Revenue of $ 133.5m was up 5.9 % on 1H20 , driven by strong growth in Q2 , where revenue exceeded the prior period by over 7 % on a like for like basis . The growth also reflected contribution from the Pine Design acquisition completed in March 2020 . Comparable store sales grew 1 % in 1H21 , as construction sector trends turned more positive after declining for the previous 2 years . Queensland , SA , WA and ACT all experienced strong sales growth results , while NSW and Victoria trailed the corresponding period , where the continued decline in multi - residential building impacted the most . • Underlying EBITDA of $ 10.0m , was up 14.8 % on 1H20 , with a particularly strong result from manufacturing operations being the highlight . • • • Underlying NPAT of $ 3.1m , was up 38.8 % on the 1H20 result , and well ahead of the guidance provided in the Timberwood acquisition capital raise documents released to the market in December 2020 . On 3 November 2020 , the Company announced the decision to consolidate the Company's two plywood manufacturing sites onto a single site at Grafton . This decision was triggered by the impact to the long term wood supply available to the Wagga Wagga site following the major fires in the region in early 2020 , and the successful awarding of $ 10m to the Company under the Government's Bushfire Grants scheme . Whilst this has resulted in non - cash asset impairment during the period of $ 9.4m , the impact on both future earnings and cash flow of the project are very positive . Working capital continued to be tightly managed , with cash conversion of 77 % ( or ~ 100 % when the impact of deferred government covid - 19 payments is adjusted ) . This was achieved despite some changes in the Company's supply chain that saw materially higher volumes of imports . The Board have determined a final dividend of 2.6 cents per ordinary share , fully franked . The Company's dividend reinvestment plan ( " DRP " ) will be in effect for this dividend . Revenue Financial Summary : EBITDA ( before acquisition costs ) H1 FY21 $ 000's H1 FY20 $ 000's % 133,529 126,116 5.9 % 10,018 8,726 14.8 % Acquisition costs -222 -325 31.7 % EBITDA 9,796 8,401 16.6 % Depreciation & amortisation -4,375 -3,908 -11.9 % EBIT 5,421 4,493 20.7 % Interest -965 -1,279 24.6 % Tax -1,314 -950 -38.3 % NPAT before significant items 3,142 2,264 38.8 % Significant item ( net of tax impact ) : Asset impairment -9,354 NPAT -6,212 2,264 -374.4 % Earnings per share 4.95 cps 3.65 cps 35.7 % Interim Dividend ( cents per share ) 2.6 cps 0 cps EBITDA is earnings before interest , taxes , depreciation , amortisation and significant items including impairment charges . EBIT is earnings before interest , taxes and significant items including impairment charges . Registered Office : Trenayr Road Junction Hill NSW 2460 , Australia Mailing Address : PO Box 281 Grafton NSW 2460 , Australia