Propertylink Group (ASX: PLG), an Australian real-estate company that is into Australian industrial and office investments has declared a distribution of 3.6 cents per stapled security for six months ending on 31 December 2018.
The company declares its ex-distribution date as to Friday, 28 December 2018. Those investors who hold the share of the company before this date will be eligible for the recent dividend distribution program.
The record date of the dividend is on Monday, 31 December 2018. On the record date, there will be a final list of investors and the shareholders who will be eligible for the dividend amount.
The payment date of the dividend is on Thursday, 31 January 2018. Here, the eligible shareholders and the investors will receive the dividend amount. Details about the tax on dividend distribution will publish in January.
For the FY2018 ending on 30 June 2018, the total revenue generated was A$175.059 million which was 27.8% above the previous financial year. The net profit after tax that is attributable to the stapled security holders was A$123.927 million which was 60.8% above the last fiscal year. There was also an increase in the distributable earnings per stapled security by 23.2% in FY2018.
The balance sheet of PLG for the FY2018 ending 30 June 2018, looks quite impressive to investors as the company has maintained a net asset base of $631.338 million and a decrease in the accumulated losses. It gives an impression to the investors that the company can meet its long-term obligations. It also highlights the improvement in the operating performance of the company. However, the company might face the challenge in meeting its working capital, and short-term obligations as the company own a total current asset of $23.121 million which is very close to its total current liabilities of $22.209 million. The total shareholder’s equity is worth $631.338 million.
The company has generated net cash of $68.313 million through its operating activities where the primary source of cash inflow was through the receipt from customers and the interest received. Simultaneously, there was also a cash outflow in the form of payment to suppliers and the employees, the payment of income tax and the finance cost.
The company has used net cash of $58.342 million through its investing activities where the significant cash outflow was through the capital expenditure on investment properties, investment in joint ventures, acquisition of investment properties and purchase of furniture, plant, and equipment.
The company has used net cash of $12.740 million through its financing activities where the primary source of cash outflow was in the form of repayment of borrowings, payment of dividend. Simultaneously, the company has generated cash in the form of borrowings.
By the end of FY2018, there is a decrease in the net cash and cash equivalent. As a result, the company has a cash amount of $17.233 million.
By the end of trading on 20 December 2018, the closing price of the share was A$1.185 which the 52 weeks highest price. The stock holds a market capitalization of A$714.29 million and a PE ratio of 5.75x.
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