Gunns Limited Reports Earnings Growth

29 August 2008

Revenue for the year increased to $861.9 million, up 26.3%.

EBIT, before non operating items and including revenue from MIS financing, of $185.2 million, up 25.2%.

Net financing costs increased to $60.7 million, up 73.9%. This increase was largely attributable to the Auspine acquisition.

Reported NPAT of $64.5 million, representing Earnings per Share of 14.2 cents.

Final fully franked dividend of 4 cents per share bringing the annual fully franked dividends to 10 cents per share.

Bell Bay Mill financing discussions ongoing with debt providers and potential equity partners.

Successful acquisition of Auspine in August 2007.

Documentation

ASX RELEASE - 2008 08 28 - Gunns Limited Reports Earnings Growth.pdf (60 kB)