Welcome - Legend Corporation Limited (LGD) – Investor Relations
Legend Corporation Limited is a leading technology company that operates in the electrical, IT and semiconductor industries. Legend Corporation listed on the Australian Securities Exchange (ASX) in February 2004. Operations date back to 1947 at the Hendon, Adelaide facility and today operating in Australia, New Zealand and China. Legend Corporation has three brands and divisions, Cabac, Legend Performance Technology and Hendon Semiconductors (formerly IES (Integrated Electronics Solutions). Legend Corporation also has an equity interest in a Perth plastics manufacturing and technology company.
Cabac has design, manufacturing and distribution operations that service the electrical industry. The Legend Performance Technology brand is utilised for distribution operations that service the IT industry. Hendon Semiconductors is a 'fab-less' semiconductor company, that designs and manufactures unique integrated circuits (IC), thick film hybrids and printed circuit board module assemblies. Hendon Semiconductors products are used in automotive, domestic appliance and medical industries.
In the 2007 financial year Legend Corporation completed the acquisition of Cabac and Hendon Semiconductors (formerly Integrated Electronic Solutions). The organisation has focused on integration and higher margin products. The traditional memory based products have been deemphasised, due to global market pressures.
During the 2007 financial year Legend consolidated its manufacturing facilities from Singapore and Edwardstown (Adelaide) into the Hendon Semiconductors production facility at Hendon (Adelaide). The consolidated manufacturing facility now focuses on precision electronics assembly and specialty production.
Extensive work has also been undertaken by the new financial management team to complete a comprehensive review and commence the integration of Legend Performance Technology, Cabac and Hendon Semiconductors into a combined financial reporting structure.
Legend achieved an EBIT of $6.5 million after several one offs and restructuring costs including foreign exchange losses, bad and doubtful debts and integration.