Orora Limited (ASX:ORA) has announced that with underlying NPAT and EPS up by 12.0% and 11.5% respectively, it has reported strong profit growth for the year ended 30 June 2018. Net profit after tax was up by 12.0% to $208.6 million on the prior corresponding period. Earnings per share was up to 17.4 cents per share, up by 11.5%. Sales revenue was $4,248.0 million which is up by 5.2%. Earnings before interest and tax was $323.4 million which is up by 7.0%. Total dividend for FY18 is 12.5 cps, up by 13.6% while final ordinary dividend is 6.5 cps, 30.0% franked. Broadly in line with the prior corresponding period was the Operating cash flow of $325.3 million. Down from $674 million, company’s net debt stands at $667 million. All this can be credited towards the organic growth. Better wine export scenario and enhanced volumes of beer and soft drinks helped the group.
The stock was trading at a market price of $3.465, although down 3.5% on August 09, 2018 despite a decent result; and has seen a performance change of 31% over the past 12 months. The drop may be owing to some profit booking given the already high run-up.
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.