Appendix 4E
ASX Announcement
29 August 2024
Appendix 4E – Results for Announcement to the ASX
30 June 2024
$
30 June 2023
$
Movement
$
Movement
%
Revenue from ordinary activities:
Profit/(loss) from ordinary activities
after tax attributable to members:
716,472,565
656,651,618
59,820,947
9%
95,231,530
10,003,484
85,228,046
852%
Net profit attributable to members:
95,231,530
10,003,484
85,228,046
852%
1.46
1.26
0.20
16%
Consolidated
Net tangible assets per share1:
1.
Net tangible assets includes right-of-use assets
DIVIDEND INFORMATION
Westgold’s key financial objective is to deliver superior shareholder value. One mechanism is via
capital returns to shareholders in the form of dividends and this is a key part of Westgold’s capital
management program.
Subsequent to the year ended 30 June 2024, the Board has resolved to pay a final fully franked
dividend of 1.25 cents per share. The Board is pleased with the progress of Westgold’s financial
turnaround and in-line with the current dividend policy the final fully franked dividend to be paid
on 11 October 2024 is approximately $5.9 million.
Westgold Resources Limited shares will trade excluding entitlement to the dividend on 11 July
2024, with the record date being 12 July 2024, thus prior to the effective date of the merger with
Karora Resources Inc (31 July 2024). The total amount of this dividend has not been provided for
in the 30 June 2024 Financial Statements.
This takes the full year dividends returned to shareholders of 2.25 cents per share totalling
approximately $10.6 million.
COMMENTARY ON RESULTS FOR THE YEAR
An explanation of the results is included in the 2024 Annual Report.
Review of results
Operating and Financial Review
Page 7
Review of operations
Review of Operations
Page 8
A statement of comprehensive income
Consolidated Statement of Comprehensive Income
Page 30
A statement of financial position
Consolidated Statement of Financial Position
Page 31
A statement of cash flows
Consolidated Statement of Cash Flows
Page 32
A statement of retained earnings
Consolidated Statement of Changes in Equity
Page 33
Earnings per share
Consolidated Statement of Comprehensive Income
Page 30
Changes in controlled entities
Corporate Structure
Page 7
Westgold Resources Limited
ABN 60 009 260 306
ASX: WGX | TSX: WGX | OTC: WGXRF
T: +61 8 9462 3400
E: perth.reception@westgold.com.au
W: westgold.com.au
Level 6, 200 St Georges Terrace
Perth WA 6000
PO Box 7068, Cloisters Square WA 6850
AUDIT
This report is based on financial statements that have been audited.
This Appendix 4E is to be read in conjunction with the 2024 Annual Financial Report and Directors’ Report.
This announcement is authorised for release to the ASX by the Board.
Investor and media relations enquiries
Investor Relations
Kasun Liyanaarachchi | Investor Relations Manager
investor.relations@westgold.com.au
+61 458 564 483
Appendix 4E – Results for Announcement to the ASX
29 August 2024
Media
Peter Knight | Communications Manager
peter.knight@westgold.com.au
+61 459 980 481
2
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