SFC provides earnings update for FY20

  • Jul 05, 2020 AEST
  • Team Kalkine

Schaffer Corporation Limited (ASX: SFC) provided update on FY20 earnings. SFC had earlier withdrawn FY20 earnings guidance on 20 March 2020 due to the significant uncertainty amid COVID-19 pandemic. The company now announced:

  • Statutory net profit after tax (NPAT) is expected to be similar to FY19 for FY20 and includes significant non-cash unrealised gains on listed investments
  • Profit from Automotive Leather for FY20 are expected to be down by approximately 25% compared to previous year primarily due to lower sales amid COVID-19
  • Final fully franked dividend for FY20 is expected to be 35 cents and Total FY20 fully franked dividends are expected to be 80 cents


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