Tassal Reports Double Digit Decline in Revenue

Tassal Group Limited (ASX: TGR) has announced its results for the half year ended 31 December 2019. The company reported revenue of $274.49 million in the 1HFY20, down 15.8 per cent on the previous first half.

  • Operating EBITA increased by 3.4% on the pcp to $66.46 million and operating NPAT declined 3.4% on the pcp to $30.64 million;
  • The interim dividend was held at 9 cents per share, in line with 2019, franked at 25 per cent.

At AEST 12:55PM, the stock was trading at $4.250 per share, up by 3.155% from its previous close.

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