Supply Network Expects Fiscal First Half Profit to Reach Nearly AU$20 Million, Declares Interim Dividend

MT Newswires Live
24 Jan

Supply Network (ASX:SNL) said its profit after income tax is expected to be about AU$19.8 million for the fiscal half ended Dec. 31, 2024, based on unaudited management accounts, according to a Friday Australian bourse filing.

Its consolidated sales revenue is expected to come in at AU$171 million.

The firm's board declared a fully-franked interim dividend of AU$0.32 per share, payable on April 4 to shareholders of record as of March 21.

The board said that the firm's dividend reinvestment plan (DRP) will also operate in respect of the interim dividend.

The dividend reinvestment plan market price in relation to the interim dividend will be capped at AU$32 per share.

Supply Network is expected to release its half-year results by late February.

The firm's shares rose 2% in recent trading on Friday.

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