2020

Half Year Financial Report FY2020

Namoi Cotton Limited ("Namoi") today reported a $4.02 million loss for the six months ended 31 August 2019, which was $18.31m unfavourable to the prior comparative period (‘pcp’). The result was profoundly impacted by the severe drought conditions being experienced in Eastern Australia and particularly in the core Australian cotton growing regions.

Open Half Year Financial Report FY2020

2019

Full Year Financial Report FY2019

Namoi Cotton Limited (“Namoi Cotton”) recorded a consolidated net loss after tax from continuing operations of $556,000 for the full year ended 28 February 2019 (2018: a net profit of $6,769,000). The consolidated net profit before tax was $124,000 (2018: $9,674,000). Positive cash flows from operating activities were recorded at $21,029,000 (2018: $17,317,000). 

Open Full Year Financial Report FY2019

 

 

 

2018

Full Year Financial Report FY2018

Namoi Cotton Limited recorded a consolidated net profit after tax from continuing operations of $6.8 million for the full year ended 28 February 2018 (2016/17: as net profit of $0.3 million). Cash flows from operating activities were recorded at positive $17.3 million (2016/17: positive $5.5 million). The Group (including its share of NCA) recorded earnings before interest, taxation, depreciation, Restructure costs and business combination gains at $23.9 million (2016/17: $11.1 million).

Open Full Year Financial Report FY2018

 

 

2017

Full Year Financial Report FY2017

Overall financial performance has improved substantially year on year. Cotton ginning and seed volumes have improved through the crop size increase to 2.7m bales and targeted market share strategies delivering an improvement in a net contribution for the ginning segment despite facing heavy competition for bales in central growing regions.

Open Full Year Financial Report FY2017

 

 

2016

Full Year Financial Report FY2016

Overall financial performance has improved substantially year on year. Cotton ginning and seed volumes have improved through the crop size increase to 2.7m bales and targeted market share strategies delivering an improvement in a net contribution for the ginning segment despite facing heavy competition for bales in central growing regions.

Open Full Year Financial Report FY2016

 

 

2019

Half Year Financial Report FY2019

Namoi Cotton recorded a net profit after tax of $14.3m for the half year ended 31 August 2018, compared with a net profit after tax of $15.8m in the previous corresponding year. As the majority of revenues are recorded in the first half of the year with ginning maintenance expenses incurred in the second half of the year, Namoi Cotton expects it financial results for the full year to be a net profit after tax of between $4.0m to $7.0m.

Open Half Year Financial Report HY2019

 

 

2018

Half Year Financial Report FY2018

Namoi Cotton recorded a net profit after tax of $15.8m for the half year ended 31 August 2017, compared with a net profit after tax of $7.4m in the previous corresponding year. As the majority of revenues are recorded in the first half of the year with ginning maintenance expenses incurred in the second half of the year, Namoi Cotton expects it financial results for the full year to be a net profit after tax of between $4.5m to $7.5m.

Open Half Year Financial Report HY2018

 

 

2017

Half Year Financial Report FY2017

Namoi Cotton recorded a net profit after tax of $7.4m for the half year ended 31 August 2016, compared with a net profit after tax of $4.1m in the previous half year. A 17% increase in the 2016 Australian crop size was again underpinned by historically high yields for irrigated and dryland crops in most valleys.

Open Half Year Financial Report FY2017

 

 

2016

Half Year Financial Report FY2016

Namoi Cotton recorded a net profit after tax of $7.4m for the half year ended 31 August 2016, compared with a net profit after tax of $4.1m in the previous half year. A 17% increase in the 2016 Australian crop size was again underpinned by historically high yields for irrigated and dryland crops in most valleys.

Open Half Year Financial Report FY2016

 

 

Contact Us

Phone:07 4631 6100
Corporate Office:1b Kitchener Street, Toowoomba Qld 4350 Australia
Head Office:27 Trucking Yard Lane, Wee Waa NSW 2388 Australia
Mail:PO Box 1333, Toowoomba Qld 4350 Australia

Corporate Office Operating hours:

Monday - Friday8am - 5pm

 

For a full list of our locations and their contact details, please visit our locations page.

see where — our locations
For Cottonseed & Trash Enquiry, please go to our Cottonseed Marketing Page

Namoi Cotton Contact Us Growers

Contact Us

Corporate Office

Head Office

Contact Us

Phone:07 4631 6100
Corporate Office:1b Kitchener Street, Toowoomba Qld 4350 Australia
Head Office:27 Trucking Yard Lane, Wee Waa NSW 2388 Australia
Mail:PO Box 1333, Toowoomba Qld 4350 Australia

Corporate Office Operating hours:

Monday - Friday8am - 5pm

 

For a full list of our locations and their contact details, please visit our locations page.

see where — our locations