Supply Network Limited (ASX:SNL) Announces Half-Year Earnings and Dividend
Earnings Forecast
Supply Network Limited (ASX:SNL) reports consolidated sales revenue of $171 million for the half-year ending 31 December 2024. Expected profit after tax is around $19.8 million, reflecting a $0.4 million gain from the sale of the group’s Christchurch property. Final results will be disclosed in late February 2025.
Dividend Declaration
The Board has declared a fully franked interim dividend of 32.0 cents per share, with a record date of 21 March 2025. Payment is scheduled for 4 April 2025. The Dividend Reinvestment Plan (DRP) will be operational for this dividend, allowing shareholders to reinvest and acquire shares at a 2.5% discount based on the volume weighted average market price during the five business days post-ex-dividend date. The market price under the DRP will be capped at $32.00 per share. Shareholders can update their DRP instructions until 26 March 2025.
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Supply Network. The Motley Fool Australia has recommended Supply Network. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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