Earnings forecast half year December 2024 and dividend
Stock | Supply Network Ltd (SNL.ASX) |
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Release Time | 24 Jan 2025, 12:33 p.m. |
Price Sensitive | Yes |
Supply Network Ltd forecasts strong H1 FY2025 earnings and dividend
- Consolidated sales revenue of $171m for H1 FY2025
- Profit after tax expected to be around $19.8m
- Fully franked interim dividend of 32.0 cents per share declared
Supply Network Ltd has released an earnings forecast for the half-year ended 31 December 2024, advising that based on unaudited management accounts, consolidated sales revenue was $171m. Profit after income tax (PAT) is expected to be around $19.8m, inclusive of $0.4m profit after tax on disposal of the group's Christchurch property. The directors have declared a fully franked interim dividend of 32.0 cents per share, with a record date of 21 March 2025 and payment date of 4 April 2025. The company's Dividend Reinvestment Plan (DRP) will be operating in respect of the interim dividend, with shares issued at a 2.5% discount to the volume-weighted average market price during the five business days after the ex-dividend date. The DRP Market Price will be capped at $32.00 per share. The final half-year results will be released to the market in late February 2025.