General Announcement::Unreviewed Half Year Results and Interim Dividend

UOS.AX

UNITED OVERSEAS AUSTRALIA LTD

ACN 009 245 890

Suite B1, 661 Newcastle Street, LEEDERVILLE WA 6007 '

P.O. Box 51, Leederville, W.A. 6902

Tel: (+618) 9217 9800 • Fax: (+618) 9217 9899

ASX Announcement

30 August 2021

RELEASE OF UNREVIEWED HALF YEAR RESULTS

AND INTERIM DIVIDEND ADVICE

Release of Unreviewed Half Year Results

The Board of United Overseas Australia Ltd (ASX:UOS, "Company") has considered the impact of COVID-19 on preparation of the half year results due to various control measures that have been in place in Kuala Lumpur, Malaysia, where the Group's financial reports are maintained and collated.

The Company advises it will be relying on the Amended ASIC Relief and Class Waiver Decision of ASX giving effect to the Relief to present the Group's reviewed half-year accounts once the review of the financial reports have been completed after 31 August 2021.

The Company attaches the information required by Appendix 4D together with the unreviewed half-year accounts as required by the Class Waiver Decision, and undertakes to advise the market immediately if it becomes aware of any material differences between the unreviewed financial statements and the reviewed financial statements.

Interim Dividend

The Board has considered the trading results of the Group for the half year noting the impact and continued uncertainty of the COVID-19 pandemic on the Group, particularly its hospitality business operations, together with the cash requirements of the Group to continue its projects in Vietnam and Malaysia.

The Board has determined it would be prudent to continue to conserve its cash reserves for use within the Group's operations. Although the direction that the pandemic will take remains unpredictable, the Board continues to believe the Group has the financial resources to withstand the impact for the foreseeable future.

The Directors thank the Company's members for their understanding and continued support at this time.

For further enquiries, please contact:

Mr Stuart Third

Company Secretary

[email protected] +61 (0)8 9217 9800

+61 413 946 935

MALAYSIAN OFFICE:

UOA Corporate Tower

Lobby A, Avenue 10, The Vertical, Bangsar South City

No. 8, Jalan Kerinchi, 59200 KUALA LUMPUR

Tel: (+603) 2245 9188 • Fax: (+603) 2245 9128

UNITED OVERSEAS AUSTRALIA LTD Half-Year Report - 30 June 2021

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APPENDIX 4D

Name of entity

ACN or equivalent company reference Current reporting period

Previous reporting period

UNITED OVERSEAS AUSTRALIA LTD 009 245 890

Half year ended 30 June 2021 Half year ended 30 June 2020

Results for announcement to the market

$'000

Revenue from ordinary activities

Down

37.42%

to

116,438

Profit from ordinary activities after tax attributable to members

Down

31.34%

to

16,686

Net profit for the year attributable to members

Down

31.34%

to

16,686

Dividends

Amount

Franked amount

per security

per security

Current period

Final dividend for the year ended 31 December 2020

2.0¢

- paid on 4 June 2021

Previous corresponding period

Final dividend for the year ended 31 December 2019

2.0¢

- paid on 6 June 2020

Brief explanation of the figures reported above

Please refer to the Review and Results of Operations section of the Directors' Report for further comment.

The information in the Half Year Report should be read in conjunction with the details and explanations provided herewith, along with the most recent Annual Report.

Net tangible assets per share

Current

Previous corresponding

period

period

Net tangible assets per share

100.68 ¢

103.22 ¢

UNITED OVERSEAS AUSTRALIA LTD Half-Year Report - 30 June 2021

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Dividends

Franked

amount per

Amount per

Amount

security at %

security of foreign

per security

tax

source dividend

Final dividend for the year ended 31 December 2020

2.0¢

Nil

Nil

Interim dividend for the year ending 31 December 2021

Nil

Nil

Nil

Record date for determining entitlements to the dividend

15 October 2019

Payment date for interim dividend

6 November 2019

Dividend reinvestment plans

The Company's dividend reinvestment plans are in operation.

The last date for the receipt of an election notice for dividend reinvestment plans.

22 October 2019

Control gained or lost over entities having material effect

On 17 May 2021, the Group acquired a 51% equity interest in Tong Xin Tang Healthcare International Sdn Bhd ("TXT") for a consideration of $99,843. TXT is in the business of operating a Chinese medical, acupuncture and physiotherapy care centre and a dealer in Chinese medicine.

Details of Associates and Joint Venture Entities

Name of entities

Percentage of holding %

Profit/(loss) contribution

$'000

30 June 2021

30 June 2020

30 June 2021

30 June 2020

Advanced Informatics & Management

30

30

-

-

Centre Sdn Bhd

Asli Security Services Sdn Bhd

30

30

(7)

3

Dats Management Sdn Bhd

49

49

101

62

Audit review

This report is based on the financial statements which have not yet been reviewed by the auditor as the Group is relying on the extended time period permitted by ASIC and ASX for the lodgement of the reviewed reports. The Group does not expect any material changes during completion of the audit review to the information contained in this report, but will immediately inform the market of any such changes should they occur.

UNITED OVERSEAS AUSTRALIA LTD Half-Year Report - 30 June 2021

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UNITED OVERSEAS AUSTRALIA LTD

A.C.N. 009 245 890

HALF-YEAR REPORT

30 June 2021

(SUBJECT TO AUDIT REVIEW)

UNITED OVERSEAS AUSTRALIA LTD Half-Year Report - 30 June 2021

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CONTENTS

CORPORATE INFORMATION

DIRECTORS' REPORT

FINANCIAL REPORT

DIRECTOR'S DECLARATION

STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME

STATEMENT OF FINANCIAL POSITION

STATEMENT OF CASH FLOWS

STATEMENT OF CHANGES IN EQUITY

NOTES TO AND FORMING PART OF THE FINANCIAL REPORT

INDEPENDENT AUDIT REVIEW REPORT

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Disclaimer

UOA - United Overseas Australia Limited published this content on 30 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 August 2021 09:51:09 UTC.