oncard international ltd (ONC) Snapshot

Oncard International Limited announced audited consolidated earnings results for the six months ended December 31, 2012. For the half year, the company reported revenue from continuing operations of AUD 3,868,000 compared to AUD 5,268,000, total income was AUD 4,308,000 compared to AUD 7,232,000, profit before income tax was AUD 1,880,000 compared to AUD 2,465,000, and profit from continuing operations was AUD 1,778,000 compared to AUD 2,100,000 for the year ended June 30, 2012. Profit attributable to owners of the company was AUD 1,781,000 or 0.99 cents per basic and diluted share compared to AUD 2,772,000 or 1.19 cents per diluted share for the year ended June 30, 2012. Net cash used in operating activities was AUD 329,000 compared to AUD 1,417,000 a year ago. Payments for property, plant & equipment was AUD 9,000 compared to AUD 63,000 a year ago. Payments for intangible assets were AUD 231,000 compared to AUD 449,000 a year ago. The Group's net profit after tax from continuing operations was impacted by withholding taxes associated with the repatriation of prior period profits from the investment in Shanghai Smart Service Company Limited. Net tangible assets per security as on December 31, 2012 were 16.32 cents against 15.56 cents a year ago.

Oncard International Limited announced that they will report first half, 2013 results on Feb 28, 2013

Oncard International Limited announced that it will be changing its financial year end from June 30 to December 31 effective from July 1, 2012. The purpose of the change of financial year end is to synchronise the company's financial year end with that of its China based subsidiaries and investments.