Sedgman Limited announced the resignation of non-executive director Peter Hay effective at the general meeting to be held on November 25, 2009, to pursue personal and other business interests. Mr. Hay has been with the company since September 1988, including 10 years as managing director.

Sedgman Limited reported consolidated and parent earnings results for the full year ended June 30, 2009. For the year, on consolidated basis, the company reported profit before income tax of AUD 16,441,000, profit of AUD 7,094,000, profit attributable to members of the company of AUD 7,094,000, or 3.9 cents per diluted share on revenue from services of AUD 321,931,000 compared to profit before income tax of AUD 35,343,000, profit of AUD 23,417,000, profit attributable to members of the company of AUD 23,417,000, or 12.9 cents per diluted share on revenue from services of AUD 29,257,000 for the same period last year. The company reported net cash inflow from operating activities of AUD 44,481,000, payments for property, plant and equipment of AUD 16,039,000 compared to net cash inflow from operating activities of AUD 29,257,000, payments for property, plant and equipment of AUD 12,247,000 for the same period last year. For the year, on parent basis, the company reported profit before income tax of AUD 13,190,000, profit of AUD 5,483,000, profit attributable to members of the company of AUD 5,483,000 on revenue from services of AUD 246,133,000 compared to profit before income tax of AUD 30,262,000, profit of AUD 21,395,000, profit attributable to members of the company of AUD 21,395,000 on revenue from services of AUD 191,475,000 for the same period last year. The company reported net cash inflow from operating activities of AUD 22,000,000, payments for property, plant and equipment of AUD 4,598,000 compared to net cash inflow from operating activities of AUD 16,694,000, payments for property, plant and equipment of AUD 5,053,000 for the same period last year. The decrease was principally due to write down of goodwill associated with the Intermet acquisition. Also contributing was lower earnings from engineering services, mainly due to impairment of trade receivables at Intermet, and the run-off of the Dawson, Lake Lindsay, and Sonoma projects. This was partially offset by strong contributions from the Daunia project and the Coal.

Sedgman Limited announced earnings results for the year ended June 30, 2009. For the period, the company reported EBITD of AUD 35 million, EBIT of AUD 19.2 million, pretax profit of AUD 16.4 million, profit after tax of AUD 7.1 million on total revenue of AUD 321.9 million as compared to EBITD of AUD 53.4 million, EBIT of AUD 39.8 million, pretax profit of AUD 35.3 million, profit after tax of AUD 23.4 million on total revenue of AUD 250.6 million for the same period prior year. Earnings per share was AUD 0.039 as compared to AUD 0.129 for the same period prior year. Return on equity was 8.2% as compared to 25.8% for the same period prior year. Return on assets was 3.4% as compared to 10.7% for the same period prior year.