Earnings forecast half year December 2024 and dividend

Key points

• 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

Full summary

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.