tiprankstipranks
Company Announcements

Schaffer Corporation Reports Robust Profit Growth Amid Slight Revenue Decline

Story Highlights
Schaffer Corporation Reports Robust Profit Growth Amid Slight Revenue Decline

Discover the Best Stocks and Maximize Your Portfolio:

Schaffer Corporation Limited ( (AU:SFC) ) has shared an announcement.

Schaffer Corporation Limited’s recent half-year financial report reveals a 0.5% decline in revenues from ordinary activities to $112,285,000. However, net profit attributable to members surged by 44% to $12,742,000, indicating a robust financial performance despite slight revenue decline. The company declared an interim dividend of 45 cents per security, fully franked, payable on March 14, 2025, with a record date of March 7, 2025. Notably, the net tangible asset backing per share increased from $14.81 to $17.06, suggesting strong asset growth.

More about Schaffer Corporation Limited

YTD Price Performance: -1.77%

Average Trading Volume: 3,105

Technical Sentiment Consensus Rating: Sell

Current Market Cap: A$294.9M

See more insights into SFC stock on TipRanks’ Stock Analysis page.

Related Articles
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1