Ozgrowth Limited reported earnings results for the six months ended December 31, 2012. For the period, total revenue was AUD 1,415,179 against AUD 1,524,489 a year ago. Profit before income tax expense was AUD 7,442,036 against loss before income tax expense of AUD 1,601,916 a year ago. Net profit for the period was AUD 5,572,297 or 1.54 cents per basic and diluted share against net loss for the period of AUD 737,024 or 0.20 cents per basic and diluted share a year ago. Net cash used in operating activities was AUD 169,212 against net cash flows from operating activities of AUD 684,936 a year ago. The company announced that interim dividend of 0.5 cents per share declared and provided for at December 31, 2012. Fully franked based on tax paid or payable at 30%. Record date for determining entitlements to the 2013 interim dividend is January 18, 2013.

Ozgrowth Limited announced that they will report first half, 2013 results on Jan 29, 2013

The directors of Ozgrowth Limited have reviewed the company's dividend policy in light of its June 30, 2012 accounts, recent trading conditions and the level of retained franking credits. The current dividend policy is to pay a minimum of 50% of realised profits to shareholders by way of dividend. This policy remains in place and will continue to set a minimum level of dividend for future consideration by the board. Following the review, the board announced that it is targeting the following dividend payments: An interim dividend for the current financial year of 0.5 cents per share, payable in February 2013; and a final dividend for the current financial year of 1.0 cent per share, payable in August 2013. The company intended to pay similar amounts in respect of the financial year ending June 30, 2014.