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xrf scientific 23 February 2021 XRF announces half - year result XRF Scientific Ltd ( " XRF " or " The Company " ) today announced its results for the December 2020 half - year : Key Highlights • Sales Revenue of $ 15m • Statutory Net Profit After Tax up 47 % to $ 2.4m from $ 1.6m • Adjusted Profit Before Tax * up 4 % to $ 2.4m from $ 2.3m * Adjusted Profit Before Tax is after adding back / deducting items related to COVID - 19 . A full break - down of these items is available in the Half - Year Report . XRF's Managing Director , Vance Stazzonelli , commented on the half - year result : " Positive conditions have returned during the first half , after some of the markets that were impacted by COVID - 19 started to bounce back . The strategy we put in place in response to COVID - 19 has allowed us to continue as an essential business through all lockdowns and keep our employees safe . We are seeing strong levels of activity in the mining industry , across both exploration and production , which supports demand across our product range . There is robust demand in Australia , Europe , North America , and parts of Asia . The Consumables division had a good half , delivering a profit of $ 1.3m from revenue of $ 4.2m . There has been strong demand from both domestic and international customers . New customer acquisition has continued at a steady rate . The Capital Equipment division delivered an adjusted profit before tax of $ 465k . The pickup in demand for capital equipment products that started in July continued through the half . Our sales order book remains strong into the second half at over two months , with a record number of machines on order . The Precious Metals division delivered an increased adjusted profit before tax of $ 841k compared to $ 710k in the Previous Corresponding Period . The Germany Office has been performing well , and was profitable most of the last half , including all of the December quarter . The Board has maintained policy to pay one dividend per year on operating profits which will be determined based on the full - year result . Our cash position was $ 2.6m at 31 December 2020 , which has since increased to $ 3.4m at 19 February 2021. This follows the $ 500k platinum purchase disclosed at the FY20 full - year release , as well as $ 1.65m in cash dividends paid in October . " XRF Scientific Ltd ( ABN 80 107 908 314 ) 86 Guthrie Street , Osborne Park , Western Australia 6017 investors@xrfscientific.com T +61 8 9244 0600