Alert: Fletcher Building (FBU.NZX)
42% NPAT Increase for Latest Financial Year
Trading History
Source: Direct Broking
Source: Direct Broking
FBU today announced a 42% increase in its net profit after tax to $432 mn for the financial year ended 30.6.22 from $305 mn in the previous year.
EBIT (earnings before interest & tax) was up 13% and a fully imputed dividend of 22 cps (cents per share) was declared.
Plaudits to FBU for not disguising its result with EBITDA information.
The improved result was on a 5.0% increase in revenue to $8,498 mn.
Today the stock initially bounced from the previous day’s close of $5.40 to $5.76 before some of the enthusiasm was lost and the stock eventually closed the day at $5.55 up 15 cents.
The lowest price over the last month was $5.05.
Perhaps it will do better as information on the result flows through to investors in the next couple of days.
Our analysis of FBU will be posted here on Recast Investor in due course.
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