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Tian An Australia Limited (ASX:TIA)

ALERT: Price-sensitive ASX Announcement for TIA
Current share price for TIA : $0.170 0.015 (9.68%)+
Announcement
Release
15 Aug 2025 4:33PM
Price at Release
$0.155
Full Release
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Summary
The Half Yearly Report and Accounts for Tian An Australia Limited for the six months ended 31 December 2022 details a net loss after tax of AUD 1.2 million, attributed mainly to the lack of completed residential property settlements during the period. Revenue totaled AUD 3.8 million, driven by property development and rental income. The company remains focused on progressing its current development projects, such as The Miller, and has not declared an interim dividend. The board is actively managing the portfolio and monitoring economic conditions to support future company growth. The report also includes all standard statutory disclosures and financial statements.
Key Points
  • The document is the Half Yearly Report and Accounts for Tian An Australia Limited for the period ended 31 December 2022.
  • The company reported a net loss after tax of AUD 1.2 million for the half-year, compared to a net profit after tax of AUD 5.8 million in the previous corresponding period.
  • Total revenue for the period was AUD 3.8 million, primarily from property development and rental income.
  • A primary reason for the loss was the absence of completed residential property settlements during the period.
  • The company continues to focus on its development pipeline, including The Miller project which is a mixed-use development in North Sydney.
  • No interim dividend was declared for this half-year period.
  • The Board continues to review the company’s portfolio and monitor market conditions to position the company for future growth.
  • The report includes financial statements, directors’ report, auditor independence declaration, and independent auditor’s review report.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.