Sandon Capital Investments Limited (ASX:SNC) Announces Half-Year Financial Results
Financial Performance
Sandon Capital Investments Limited (ASX:SNC) reported revenue from ordinary activities of $22.97 million, an increase of 11% compared to the previous half year. Profit from operating activities after tax attributable to members rose by 13% to $16.78 million.
Dividend Announcement
The company declared a fully franked final dividend of 2.75 cents per share for the financial year, paid on 7 November 2024. Additionally, a quarterly fully franked dividend of 1.4 cents per share will be paid on 7 March 2025 under the Dividend Reinvestment Plan.
Major Acquisitions
Sandon Capital successfully completed the compulsory acquisition of Carbon Conscious Investments Limited (CCIL), increasing its ownership to 90%.
Shareholder Returns
The return to shareholders for the half-year period was 18.4%, factoring in the change in net tangible assets and dividends paid.
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