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Washington H. Soul Pattinson and Company Limited
Annual Report 2016
18
Ruralco’s financial year ends on 30 September 2016. Ruralco’s results for the full year are not scheduled to be
released to the market until 15 November 2016.
Ruralco released its result for the six months to 31 March 2016 on 17 May 2016. Revenue increased by 8.2% to
$803.7 million compared to the previous corresponding period. The net profit after tax was $10.8 million, an
increase of 3.2% compared to the first half last year.
Ruralco’s record result reflects the maturing of new businesses in the network and highlighted the strength of
its earnings platform and its geographical diversity in balancing the effect of the tough seasonal conditions
experienced during the half year.
An interim dividend of 8 cents per share fully franked was paid in June 2016. This represented a 55% dividend
payout ratio which was in line with Ruralco’s new dividend policy which supports its strategic growth agenda
via network expansion and vertical integration.
WHSP has equity accounted Ruralco’s result for the 12 months to 31 March 2016. Ruralco contributed a net profit
of $2.2 million to the Group (2015: $3.3 million).
Ruralco Holdings Limited
Associated entity:
20.1% held
Dividends paid to WHSP:
$2.4 million
Total Market Capitalisation:
$263 million
Value of WHSP’s Holding:
$53 million
ASX code:
RHL
NETPROFIT
CONTRIBUTED
TOTHEGROUP
$2.2m
Ruralco