Cedar Woods Properties Limited ( (AU:CWP) ) just unveiled an announcement.
Cedar Woods Properties Limited has reported a significant increase in H1 FY25 net profit after tax to $15.0m, up from $2.6m in the previous corresponding period. The company has declared a fully franked interim dividend of 10.0 cents per share, and forecasts indicate a stronger second half with a minimum 10% growth in full-year net profit. The company has secured record presales of $642m, indicating robust demand driven by low unemployment and a housing shortage. Cedar Woods is strategically positioned with a solid balance sheet, allowing them to accelerate acquisitions and capitalize on market demand.
More about Cedar Woods Properties Limited
Cedar Woods Properties Limited is a company operating in the real estate industry, focusing on property development. They are involved in creating residential communities and have a strong market presence in various regions across Australia.
YTD Price Performance: -2.55%
Average Trading Volume: 51,654
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$442.3M
For detailed information about CWP stock, go to TipRanks’ Stock Analysis page.