SDI's announcement in bold and my comments "SDI Limited today...

SDI's announcement in bold and my comments

"SDI Limited today announced that subject to audit review clearance profit before tax for the 6 months ending 31 December 2014 increased by 32.3% to $3.7m and profit after tax remained constant at $2.7m when compared to the corresponding period last year. Sales reported in Australian Dollars increased by 5.2% to $31.6m compared to $30.1m for the corresponding period last year. Net foreign currency movements had no material impact on the results."

Nice 32.3% rise in before tax profit and a welcome 5.2% increase in sales (last year's statement = "constant currency terms, sales showed no movement"). So given no material effect from the aussie dollar in this half we are starting to see some real growth back in sales. SRX in their webcast said not much aussie dollar effect in their half year result. I wrote on the SRX threads "US dollar rate average for the half 90c v 92c in the prior half, so full effects to come through this half from the aussie's fall (if we stay down)."



"The Appendix 4D will be released on Friday 27 February 2015. The Board of Directors have declared an interim fully franked dividend of 0.4 cents per share compared to 0.2 cents per share for the corresponding period last year."

Nice to see a doubling of the dividend, directors showing some optimism. The report will be an interesting read, especially the outlook statement. I am hoping some optimism in it,  given that the aussie dollars fall, rising before tax profit margins and rising sales starting to come through.