Costa Group Holdings Limited (ASX: CGC) - Stock slumps despite rise in profit

  • Aug 24, 2018 AEST
  • Team Kalkine
Costa Group Holdings Limited (ASX: CGC) - Stock slumps despite rise in profit

Costa Group doubles the profit in FY18, but market does not seem to like it as CGC takes a deep dive of 9.5%, trading at $7.91 on ASX on 24 August 2018, 2:30 PM AEST.

Australia’s leading grower, packer and marketer of fresh fruit and vegetable, Costa Group announced its financial results for the period ending 30 June 2018, which revealed revenue growth of 10.2% while profit from ordinary activities shot up 104.3% to $117.78 million. This reflects the “standout” performance of citrus category, tomato and mushroom categories growth, and expansion of new category, avocado.

However, for shareholders to take an in-depth analysis it is important to note that group’s NPAT excluding material items rose 26.3% to $76.69 million in fiscal 2018.

Final dividend of 8.5 cents per share declared, which takes full year dividend to 13.5 cents, up 22.7% on FY17. This fully franked final dividend is payable on 4 October 2018 with the record date of 13 September 2018.

Group’s key acquisition during the year has impacted the net debt which is up over $84 million while low double-digit growth in NPAT before SGARA has also been forecasted for next financial year. Costa shares which have more than quadrupled since its IPO are now on a downswing.

Dividend Stocks To Buy

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. 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.


All pictures are copyright to their respective owner(s) does not claim ownership of any of the pictures displayed on this website unless stated otherwise. Some of the images used on this website are taken from the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image.


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.

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK