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lasseters international hldg (LASS) Details

Lasseters International Holdings Limited, an investment holding company, is primarily engaged in gaming business in Australia, New Zealand, and Malaysia. The company operates through three segments: Casino; Hotel, Health Retreat and Spas; and Property Development. The Casino segment operates gaming facilities, a convention center, food and beverage outlets, and bars, as well as provides accommodation services. The Hotel, Resort, Health Retreat and Spas segment offers hotel accommodation, golf course, food and beverages and convention facilities, and health retreat and spas programs. The Property Development segment is engaged in the development, investment, and management of properties. The company also manages and operates a health club, as well as offers catering services. Lasseters International Holdings Limited was founded in 2004 and is based in Singapore.

Founded in 2004

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lasseters international hldg (LASS) Key Developments

Lasseters International Holdings Limited Proposes Amendments to the Articles of Association

Lasseters International Holdings Limited announced that it will propose amendments to the articles of association at the Annual General Meeting to be held on 29 October 2014.

Lasseters International Holdings Limited, Annual General Meeting, Oct 29, 2014

Lasseters International Holdings Limited, Annual General Meeting, Oct 29, 2014., at 10:00 Singapore Standard Time. Location: Maharajah Suite, Basement 1, Holiday Inn Singapore Orchard City Centre. Agenda: To receive and adopt the Directors Report and audited financial statements for the year ended June 30, 2014 and the auditor’s report; to re-elect the Directors; to approve the payment of Director's fees; to re-appoint Messrs BDO LLP as the auditors and to authorize the Directors to fix their remuneration; to transact any other ordinary business which may properly be transacted at an Annual General Meeting; to authorize Directors to allot and issue shares and convertible securities; to consider the renewal of share buy-back mandate; and to consider amendments to the articles of association.

Lasseters International Holdings Limited Announces Earnings Results for the Year 2014

Lasseters International Holdings Limited announced earnings results for the year 2014. For the year, the company reported revenue of AUD 50,364,000 against AUD 53,246,000 a year ago. Loss from operations was AUD 1,035,000 against AUD 252,000 a year ago. Loss before income tax from continuing operations was AUD 6,280,000 against AUD 6,619,000 a year ago. Loss for the financial year from continuing operations was AUD 691,000 against AUD 6,818,000 a year ago. Loss for the financial year attributable to Owners of the parent was AUD 2,613,000 or 1.05 cents per basic and diluted share against AUD 11,379,000 or 4.56 cents per basic and diluted share a year ago. Net cash from operating activities was AUD 8,612,000 against AUD 250,000 a year ago. Purchase of property, plant and equipment was AUD 303,000 against AUD 1,639,000 a year ago. Net asset value per ordinary shares was 17.41 cents. The reduction in net loss was due to deferred tax income arising from restructuring of intercompany loans.


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