Why Are These NZX Stocks Making Headlines Today? -MPG, RYM, SAN, OCA, MFB

Summary

  • MPG Beats the COVID-19 blues to pay dividends in 2022.
  • Oceania does a turnaround after being in red.
  • MFB beats forecast in its first year of listing on the NZX.

The NZX50 opened in green and has been trading up ever since. Some large-, mid- and small-cap companies announced their financial results today. Let’s see how these companies beat the COVID-19 blues and performed in FY21.

Metro Performance Glass Limited (NZX:MPG)

MPG announced its full-year results for FY2021. It reported a resilient performance in NZ market and improved performance in Australia. Even though revenues declined by 2%, its net profit was up. The Company also reflected a strong balance sheet and cash flows. MPG also announced its intention to start paying dividends from the FY22 quarter results.

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In, Australia the Company reported an improved financial performance. It revealed a stable performance with growth in double glazing sales. However, due to Lockdown in Victoria and floods in New South Wales, the performance was impacted in the later part of FY21. MPG also announced its intention to start paying dividends from the FY22 quarter results.

Ryman Healthcare Group (NZX:RYM)

The company announced on Friday that its Chief Executive Officer Gordon MacLeod would step down from his role after serving the Company for 15 years.

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Mr MacLeod joined Ryman Healthcare as the CFO in 2007. He played a very important role in steering the Company through the COVID-19 crisis and also planned expansion of Ryman retirement villages in Australia, where there are six villages underway.

OCA Reports Strong 10 Month Results

Oceania Healthcare Limited (NZX:OCA)

On Friday, OCA announced its unaudited EBIDTA of NZ$56.2M for the 10-month period ended 31 March 2021, reporting a 8% increase versus pcp. OCA reported that aged care business had continued its good performance in the last 10 months. Sales volumes for both independent villas and apartments grew 26%. The Company reported the competition of 217 units and care suites during the period.

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Total assets increased to NZ$1.9 Billion, up 22% over 31 May 2020. The Company reported a capital raise of NZ$100M was also completed successfully. During this period, OCA acquired few new sites like the Waterford and Franklin one and also announced final dividend of 2.1 cps to be paid in June.

Sanford Limited (NZX:SAN)

Sanford continued to reel under the pressure of the COVID-19 pandemic due to supply-chain disruptions as announced in its interim results for the six months ended March 2021. The Company’s NPAT was 15% lower versus pcp. Its total revenue also dropped by 5%. EBIT dropped by 54%.

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The Company said that its second-half was expected to be stronger and expected the same for the Full year.

My Food Bag Group Limited (NZX:MFB), 

MFB announced its FY21 results, in which it stated that the Company was ahead of the forecast it made during the IPO launch in March this year.
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 It said that its revenue was up by 24% at NZ$190.7M against pcp and NZ$1.2M more than forecast. The Company said that the growth was due to new product line and supply-chain optimisation. The Chairman of the Company, Tony Carter, said that the IPO this year was an important event for the company. He thanked his shareholders, who had helped and supported this Kiwi business.

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