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RES - Resource Generation Limited - Half Yearly Report to 31 December 2011

Release Date: 03/02/2012 14:33:56      Code(s): RSG
RES - Resource Generation Limited - Half Yearly Report to 31 December 2011      
3 February 2011                                                                 
Resource Generation Limited                                                     
Registration number ACN 059 950 337                                             
(Incorporated and registered in Australia)                                      
Share code on the JSE Limited: RSG                                              
Share code on the Australian Stock Exchange: RES                                
ISIN Code: AU000000RES1                                                         
("Resgen" or "the Company")                                                     
Half Yearly Report to 31 December 2011                                          
The company continued its focus on developing the Boikarabelo coal mine in      
South Africa for the half year as previously reported to shareholders.          
A profit for the half year of $0.7 million was recorded.  The major items       
making up this profit were as follows:                                          
  Interest income                                  $1.1 million                 

  Tasmania: The sale of the coal tenements         $1.5 million                 
  through the sale of shares in Energy                                          
  Investments Pty Limited and Tiger Coal Pty                                    
  Share based compensation:  The share based       ($0.4 million)               
  compensation relates to the expense associated                                
with share rights during the period and those                                 
  approved at the Annual General Meeting on 26                                  
  October 2009 and 24 October 2011, the issue of                                
  which is subject to performance criteria.                                     

  Farm management expenses                         ($0.6 million)               
  Net operating expenses                           ($0.9 million)               

  Profit                                           $0.7 million                 
Paul Jury, Managing Director on (02) 9376 9000 or                               
Steve Matthews, Company Secretary on (02) 9376 9000                             
Resource Generation is developing the Boikarabelo coal mine in the              
Waterberg region of South Africa where there are probable reserves of 744.8     
million tonnes of coal on 35% of the tenements under its control                
RESOURCE GENERATION LIMITED                                                     
APPENDIX 4D                                                                     
Half Year Report for the period ended 31 December 2011                          
Results for announcement to the market                                          
(All comparisons to half year ended 31 December 2010)                           
                         2011                    Movement                       
                         $`000         Up/(Down)                                
Revenue from ordinary activities         1,068           Up      192.60%        
Profit from ordinary activities after tax     680        Up      119.20%        
Net profit for the half year                680          Up      119.20%        
Dividends                Amount per                                             
Dividends                -                                                      
There was no dividend paid or proposed during the period                        
There are no dividend or distribution plans in operation at 31 December         
Net tangible asset backing    31-Dec         31-Dec                             
                              2011                     2010                     
$                        $                              
Net tangible asset backing per ordinary security  0.52        0.52              
Additional Appendix 4D disclosure requirements can be found in the notes to     
the 2011 Half Year Financial Statements                                         
The report is based on the consolidated 2011 Half Year Financial Statements     
which have been reviewed by Deloitte Touche Tohmatsu with the Independent       
Auditor`s Review Report included in the Half Year Financial Statements.         
Date: 03/02/2012 14:33:56 Supplied by www.sharenet.co.za                     
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