Tassal Group Limited (ASX: TGR) - Tassal announces FY18 results, buys up prawn farms

  • Aug 24, 2018 AEST
  • Team Kalkine
Tassal Group Limited (ASX: TGR) - Tassal announces FY18 results, buys up prawn farms

While Tassal group inked the deal with Fortune Group to acquire their prawn business, the company also published its full year results for the period ended 30 June 2018.

The company posted record revenue and operating profit of $509.5 million and $50.31 million, respectively, reflecting an increase of 13.1% and 19.2%, respectively, on FY17. The group has observed significant growth in salmon market even to the extent that salmon demand has outpaced supply. However, statutory net profit after tax lowered to $57.29 million from $58.08 million in FY17, on the back of lower SGARA uplift compared to prior year.

Group’s wholly owned subsidiary De Costi Seafoods has shown continued growth in salmon and seafood business recording operational EBITDA of $13.9 million compared to $12.7 million in FY17.

Final dividend increased by 6.7% to 8 cents per share, payable on 28 September 2018. This takes total dividend to 16 cents per share in FY18.

Mike Carroll stepped down to continue as non-executive director of the company.

Ahead of strong revenue growth and strengthened seafood supply chain from prawn farms acquisition, TGR edged up 3.417% to $4.540 on 24 August 2018.

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. 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.


All pictures are copyright to their respective owner(s).Kalkinemedia.com 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