Doman Building Materials Maintains Dividend Amidst Revenue Dip

Doman Building Materials Group Ltd. (TSE:DBM) has released an update.

Doman Building Materials Group Ltd. reported a total revenue of $2.5 billion for 2023, a decrease from the previous year, attributed to lower construction materials pricing but partially offset by increased unit volumes. Despite a challenging economic environment, the company maintained its dividend payout at $0.56 per share and saw a year-on-year improvement in gross margin percentage, ending the year with a strong gross margin performance and a resilient volume in business units.

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