Shriro Holdings Ltd. (AU:SHM) has released an update.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
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.
For further insights into AU:SHM stock, check out TipRanks’ Stock Analysis page.