Company News Summary

Navitas Reports NPAT Down 5.5% to $73.15m for the Year to 30 June 2012

Original announcement: Appendix 4E

Navitas reported NPAT down 5.5% to $73.15m for the year ended 30 June 2012. The result was impacted by significant increases in depreciation and interest expenses resulting from the SAE acquisition. The prior year comparison period was also boosted by a $3.3m one off tax refund. Revenues from ordinary activities were $688.53m, up 6.9% from last year. Diluted EPS was 19.5 cents compared to 21.7 cents last year. Net operating cash flow was $73.86m compared to $69.46m last year. The final dividend declared was 10.1 cents, taking the full year dividend to 19.5 cents compared with 20.7 cents last year. The Company reported there are emerging trends of improving demand which should reflect positively for Navitas in FY13 and beyond.

Navitas Full Year Results 30 June 2012

	Year to 30 June 2012 (A$'000)	Year to 30 June 2011 (A$'000)
Revenue	688,530	643,812
Pre-Tax Profit	104,117	105,217
Net Profit	73,149	77,392
Operating Cash Flow	73,859	69,458
Total Dividend (cents)	19.5	20.7
Diluted EPS (cents)	19.5	21.7
NTA (cents)	(54.5)	(55.8)

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