Schaffer Corporation Limited (ASX:SFC) Reports Half-Year Financial Results
Financial Performance
Schaffer Corporation Limited reported a slight revenue decline of 0.5% to $112.3 million for the half-year ended 31 December 2024. Net profit attributable to members increased by 44% to $12.7 million, driven by strong performance in the Delta segment and gains from equity investments.
Dividend Declaration
The company declared an interim dividend of 45 cents per security, payable on 14 March 2025, with a record date of 7 March 2025.
Operational Highlights
The Automotive Leather segment launched new programs during the half-year despite a temporary sales impact from flooding at a key aluminium supplier. The issue has been resolved, and sales are expected to recover in the second half. Delta benefited from high-level infrastructure projects in Western Australia, although the industry now faces excess capacity.
Financial Position
Net tangible asset backing per issued ordinary share increased to $17.06 from $14.81 as of 31 December 2024.
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