New Hope Corp Reports Downturn, Maintains Dividend

New Hope Corporation Limited (AU:NHC) has released an update.

New Hope Corporation Limited reported a significant decrease in revenue and profits, with revenue dropping by 34.6% and profits after tax declining by 56.2% for the fiscal year ending 31 July 2024, compared to the previous year. Despite the downturn, the company has declared a fully franked final dividend of 22.0 cents per share, payable in October 2024. Net tangible assets per security saw a slight decrease from the previous year, dipping from 295.8 cents to 293.2 cents.

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