2020/2021
Half Year Financial Report FY2021
Ongoing drought conditions in Eastern Australia severely impacted supply and this Namoi's 2020 cotton season ginning volumes to 31 August 2020 were down by 0.33m bales of 73% on the prior comparative period ('pcp'). Despite these unprecedented low ginning volumes, Namoi's net loss after tax H1FY21 increased by just $0.3m to $4.3m (pcp: $4.0m), given the implementation of operating efficiencies as well as the ongoing reduction in the company's cost base.
2019/2020
Half Year Financial Report FY2020
Namoi Cotton Limited ("Namoi") today reported a $4.02 million loss for the six months ended 31 August 2019, which was $18.31m unfavourable to the prior comparative period (‘pcp’). The result was profoundly impacted by the severe drought conditions being experienced in Eastern Australia and particularly in the core Australian cotton growing regions.
2018/2019
Half Year Financial Report FY2019
Namoi Cotton recorded a net profit after tax of $14.3m for the half year ended 31 August 2018, compared with a net profit after tax of $15.8m in the previous corresponding year. As the majority of revenues are recorded in the first half of the year with ginning maintenance expenses incurred in the second half of the year, Namoi Cotton expects it financial results for the full year to be a net profit after tax of between $4.0m to $7.0m.
Open Half Year 2019 Financial Report
2017/2018
Half Year Financial Report FY2018
Namoi Cotton recorded a net profit after tax of $15.8m for the half year ended 31 August 2017, compared with a net profit after tax of $7.4m in the previous corresponding year. As the majority of revenues are recorded in the first half of the year with ginning maintenance expenses incurred in the second half of the year, Namoi Cotton expects it financial results for the full year to be a net profit after tax of between $4.5m to $7.5m.
Open Half Year 2018 Financial Report
2016/2017
Half Year Financial Report FY2017
Namoi Cotton recorded a net profit after tax of $7.4m for the half year ended 31 August 2016, compared with a net profit after tax of $4.1m in the previous half year. A 17% increase in the 2016 Australian crop size was again underpinned by historically high yields for irrigated and dryland crops in most valleys.
Open Half Year 2017 Financial Report
2015/2016
Half Year Financial Report FY2016
Namoi Cotton recorded a net profit after tax of $7.4m for the half year ended 31 August 2015, compared with a net profit after tax of $4.1m in the previous half year. A 17% increase in the 2016 Australian crop size was again underpinned by historically high yields for irrigated and dryland crops in most valleys.
Open Half Year 2016 Financial Report
2019/2020
Full Year Financial Report FY2020
Namoi's finance costs have reduced by $0.1million with the interest rate environment being even more favourable than the pcp.
2018/2019
Full Year Financial Report FY2019
Namoi Cotton Limited (“Namoi Cotton”) recorded a consolidated net loss after tax from continuing operations of $556,000 for the full year ended 28 February 2019 (2018: a net profit of $6,769,000). The consolidated net profit before tax was $124,000 (2018: $9,674,000). Positive cash flows from operating activities were recorded at $21,029,000 (2018: $17,317,000).
Open Full Year 2019 Financial Report
2017/2018
Full Year Financial Report FY2018
Namoi Cotton Limited recorded a consolidated net profit after tax from continuing operations of $6.8 million for the full year ended 28 February 2018 (2016/17: as net profit of $0.3 million). Cash flows from operating activities were recorded at positive $17.3 million (2016/17: positive $5.5 million). The Group (including its share of NCA) recorded earnings before interest, taxation, depreciation, Restructure costs and business combination gains at $23.9 million (2016/17: $11.1 million).
Open Full Year 2018 Financial Report
2016/2017
Full Year Financial Report FY2017
Overall financial performance has improved substantially year on year. Cotton ginning and seed volumes have improved through the crop size increase to 2.7m bales and targeted market share strategies delivering an improvement in a net contribution for the ginning segment despite facing heavy competition for bales in central growing regions.
Open Full Year 2017 Financial Report
