Shriro Holdings Reports Solid FY24 Financials

Shriro Holdings Ltd. (AU:SHM) has released an update.

Shriro Holdings Ltd. reported an EBITDA of $14.5M and a revenue drop to $119.5M due to exiting the Appliance business, while maintaining a healthy cash balance of $24.3M and zero debt. The company announced a fully franked dividend of 5.0 cents per share for FY24, complemented by a capital return of 18.5 cents per share. Additionally, a restructure of the Australian seasonal goods business is set to lower costs and improve capital returns.

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