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

Release Date: 03/02/2012 14:33
Code(s): RSG
Wrap Text

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 Limited. 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 Contacts 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) 31-Dec 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 security
$ Dividends - There was no dividend paid or proposed during the period There are no dividend or distribution plans in operation at 31 December 2011. 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 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

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