BWX Limited (ASX: BWX) has finally released its results for the year ended 30 June 2018 which were earlier supposed to be announced on 15 August 2018. Earnings before interest tax, depreciation and amortization (EBITDA) downgraded on guidance range of $42 million to $48 million while it grew 52.4% to $40.3 million in FY18.
Company’s FY18 revenue more than doubled on previous year results to $148.7 million delivering statutory net profit after tax of $19.2 million, up 42.9% on FY17. Basic earnings per share rose 18.9% to 17 cents per share in FY18.
Furthermore, the company has incurred acquisition and restructuring costs of $5.0 million including amount spent on acquisition of Nourished Life and Andalou Natural businesses.
The Board declared fully franked final dividend of 4.2 cents per share, bringing FY18 total dividend to 7.45 cps. This final dividend is payable on 12 October 2018 to shareholders entitled for dividend on record date of 6 September 2018.
Bain Consortium’s non-binding indicative proposal to acquire 100% of the shares in BWX rests under review which is expected to be completed by mid-September.
Not so surprising results dragged down BWX’s stock by 1.258% to $4.710 on 29 August 2018 (3:44 PM AEST).
The Income available from dividends remains attractive for many investors.
We take a look at the best yields on the market and assess what they say about a company’s prospect.
One Thing is certain, though, Australia interest rates are still low, making income difficult to come by and keeping the focus for many investors on high yielding stocks. Kalkine’s team of analysts bought you handpicked report for “Top 25 Dividend Stocks For 2018.”
ASX-relevant Special Reports are published year-round to provide a detailed analysis into an investing opportunity or a potential risk to your portfolio.
Click here to get your free report.
The advice given by Kalkine Pty Ltd and provided on this website is general information only and it does not take into account your investment objectives, financial situation or needs. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. Kalkinemedia.com and associated websites are published by Kalkine Pty Ltd ABN 34 154 808 312 (Australian Financial Services License Number 425376). website), employees and/or associates of Kalkine Pty Ltd do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations.
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.
As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.