2020/2021

Half Year Financial Report FY2021

Ongoing drought conditions in Eastern Australia severely impacted supply and this Namoi's 2020 cotton season ginning volumes to 31 August 2020 were down by 0.33m bales of 73% on the prior comparative period ('pcp'). Despite these unprecedented low ginning volumes, Namoi's net loss after tax H1FY21 increased by just $0.3m to $4.3m (pcp: $4.0m), given the implementation of operating efficiencies as well as the ongoing reduction in the company's cost base. 

Open Half Year 2021 Financial Report

2019/2020

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 2020 Financial Report

2018/2019

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 2019 Financial Report

 

 

2017/2018

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 2018 Financial Report

 

 

2016/2017

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 2017 Financial Report

 

 

2015/2016

Half Year Financial Report FY2016

Namoi Cotton recorded a net profit after tax of $7.4m for the half year ended 31 August 2015, 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 2016 Financial Report

 

 

2019/2020

Full Year Financial Report FY2020

Namoi's finance costs have reduced by $0.1million with the interest rate environment being even more favourable than the pcp.  

Open Full Year 2020 Financial Report

2018/2019

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 2019 Financial Report

 

 

 

2017/2018

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 2018 Financial Report

 

 

2016/2017

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 2017 Financial Report

 

 

Contact Us

Phone:07 4631 6100
Registered Office:1b Kitchener Street, Toowoomba Qld 4350 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

Registered 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