Accent Group Limited (ASX: AX1)
Accent Group’s underlying net profit after tax grew 17.9% to $47.1 million delivering underlying diluted earnings per share of 8.78 cents, up 17.3% on the prior year. Total accent group sales have gone up by 4.9% to $860. 8 million at the back of 131% growth in digital sales and new store rollouts.
Over the past 12 months the Athlete’s Foot corporate store network has grown from 12 stores to 28 stores. The company expects to acquire further 5 to 10 Australian franchise stores in FY19.
Fully franked final dividend of 3.75 cents was declared during the year which brings total FY18 dividend to 6.75 cents, reflecting 77% payout.
Mid-single digit growth in EBITDA is targeted by the company for FY19, while dividend payout ratio is expected to range between 75% to 80% of profit after tax.
AX1 slipped by 6.689% to $1.395 on 28 August 2018.
Axsesstoday Limited (ASX: AXL)
AXL continues to fall despite reporting 94% increase in net profit after tax to $7.0 million for the financial year ended 30 June 2018. Earnings before interest tax, depreciation and amortization more than double itself, based on year-on-year change.
Loan receivable increased by 100% to $336 million which is expected to deliver 80 to 100% revenue growth in FY19. Earnings per share was 11.85cps, up by 13% in FY18. There has been funding optimization during the year with $200 million warehouse facility and $55 million corporate bond.
Final fully franked dividend of 2.9 cents per share was declared, which takes total dividend to 5.5 cents per share for FY18.
In FY19 guidance, the company forecasts net profit after tax to range between $12.5 million to $13 million, representing approximately 80% increase on FY18.
Axsesstoday’s stock plunged 15.423% to $1.700 on 28 August 2018.
MNF Group Limited (ASX: MNF)
MNF share price has taken a deep dive of 17.918% to $4.810 on 24 August 2018 as company reported 6% fall in earnings per share for the financial year ended 30 June 2018.
Group’s net profit after tax declined 2% to $11.9 million in fiscal 2018. However, gross margin rose 18% to $69.0 million on revenue of $220.7m, up 15% on prior year. This reflects a strong growth across all segments including 15% rise in Domestic Wholesale, 17% growth in Global Wholesale and 22% increase in Domestic Retail.
Although EPS has decreased to 16.25cps from 17.32 cps in FY17, total fully franked dividend for the full year has increased to 8.35cps. The company has declared final dividend of 4.05 cps in FY18, payable on 10 September 2018.
The Income available from dividends remains attractive for many investors.
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