Earnings release
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LINDSAY AUSTRALIA ABN 81 061 642 733 152 Postle Street Acacia Ridge QLD 4110 Locked Bag 2004 Archerfield Qld 4108 LIMITED P : 07 3240 4900 F : 07 3054 0240 www.lindsayaustralia.com.au Lindsay Delivers H1 FY21 Growth in Revenue , Profit and Dividends Highlights : • • Lindsay has delivered strong performance driven by the Company's Transport and Rural Services segments , achieving H1 FY21 growth in underlying¹ EBITDA of 12.1 % to $ 26.1 million on record half - yearly revenue of $ 219 million . Rail expansion remains Lindsay's primary organic growth strategy in Transport , with the Company planning to expand its fleet by 110 refrigerated containers in FY21 ( 59 % ) . Lindsay continues to invest in operational efficiency and cost controls , achieving positive EBITDA contributions from all divisions alongside reductions in corporate overheads . • Lindsay Board of Directors have declared an interim fully franked dividend of • 1.2 cents per ordinary share ( H1 FY20 : 1.0 cent per share ) . Lindsay retains a strong position to drive continued profitable growth both organically and positioning to take advantage of opportunities as they arise . BRISBANE 23 February 2021 : Integrated transport , logistics and rural supply company Lindsay Australia Limited ( ASX : LAU , " Lindsay " or " the Company " ) is pleased to announce its financial results for the half - year ended 31 December 2020 , delivering growth in revenue , profit and dividends . Financial Highlights The Company increased its underlying earnings before interest , tax , depreciation and amortisation ( EBITDA ) by 12.1 % year - on - year , achieving $ 26.1 million of underlying EBITDA on record half - yearly revenue of $ 219 million . Reflecting a continued focus on cost controls and improving operational efficiency , Lindsay achieved positive EBITDA contributions from both divisions - alongside reductions in corporate overheads . Similarly , underlying profit before tax ( PBT ) benefitted from improvements from both divisions , increasing $ 1.7 million ( + 19 % ) from H1 FY20 to $ 10.4 million . A reconciliation of the underlying results is provided in the tables in the Interim Financial Report . 1 Underlying operations defined in this release are the Group's reported financial results as set out in the financial statements , adjusted for significant items that are non - recurring or items incurred outside the ordinary operations of the Group and excludes the impact of adopting AASB 16. Refer to H1 FY21 interim financial report for detailed reconciliation of underlying operations .