CO2 Group Half Year Report

Strong revenue and profit growth continues for CO2 Group. Read the full report here. Record revenue of $32.7 million – up 117% on PCP NPAT continues to grow – up 6% to $1.6 million Record results achieved in environment of ongoing debate around carbon policy Company continuing to diversify revenue streams through new business operations 4,100 hectares of carbon plantings well underway CO2 Group Limited (“CO2 Group” ASX: COZ) today reported a record net profit after tax (NPAT) of $1.6 million for the half year ended 31 March 2012. This compares to an NPAT of $1.5 million for the previous corresponding period (PCP). The company also reported revenue of $32.7 million, up 117% (PCP: $15 million). Basic earnings before interest and tax was $2.3 million (PCP: $2.2 million), and basic earnings per share were 0.42 cents. While no dividend was declared for the period, the Board continues to review the company’s dividend policy. CO2 Group’s strong financial results were delivered in an environment of ongoing debate around carbon policy and its implications on Australian businesses. Despite this uncertainty, CO2 Group was still able to deliver strong financial results, highlighting the growing need amongst blue-chip businesses for low-cost, long-term carbon-offset solutions, … Continue reading CO2 Group Half Year Report