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BLACKWALL LIMITED — Annual Report 2021
Aug 16, 2021
64590_rns_2021-08-16_57fc4407-a932-40e6-aeec-bcbcd337da38.pdf
Annual Report
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17 August 2021
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ASX Release
BlackWall Limited Annual Report – June 2021
BlackWall Limited (BWF) is increasing its final dividend payment to 2.6cps fully franked, bringing the full year dividend to 5.0cps. “BlackWall’s integrated funds management offering across investment, asset, development and property management is resulting in consistent and strong dividends for our investors. On the current share price, our full year dividend represents a yield of around 10% and we have achieved an average total shareholder return of 18% p.a. for the last 5 years.” said Joint Managing Director and COO, Jess Glew.
| Dividends | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Interim | $0.024 | $0.020 | $0.020 | $0.019 | $0.018 |
| Final | $0.026* | $0.021 | $0.021 | $0.021 | $0.018 |
| Total | $0.050 | $0.041 | $0.041 | $0.040 | $0.036 |
- To be paid 15 September 2021.
BWF announces a profit from continuing operations of $3.1 million. BWF’s operating revenue was $7.8 million. This was a reduction from the 2020 year, due to unrealised gains from the WOTSO demerger being taken up in the prior period. Operating cash flow has improved by $1.1 million. Joint Managing Director and CFO, Tim Brown, said, “A major highlight for us over the last year has been the successful stapling and formation of WOTSO Property. BlackWall has developed and executed a clear strategy that has brought Australia’s first listed flexible property security to market. We’re confident that this strategy will allow us to grow the number of assets and amount of space we manage, and in turn, continue to drive the strong returns that we have seen this year.”
| Key Numbers | Key Numbers | ||
|---|---|---|---|
| Full year Revenue |
2021 $7.8m |
2020 $10.7m |
|
| Profit from continuing operations |
$3.1m |
$4.3m | |
| Operating cash flow | $3.8m | $2.7m | |
| Share price | $0.56 | $0.35 | |
| Final dividend | 2.6cps | 2.1cps | |
| Full year dividend | 5.0cps | 4.1cps |
For further information please contact:
Jessie Glew (Joint Managing Director & COO) on 0438 691 538 or [email protected] Tim Brown (Joint Managing Director & CFO) on 0416 925 376 or [email protected]
Authorised for lodgement by Alex Whitelum, Company Secretary
BLACKWALL LIMITED (ASX:BWF) ABN 37 146 935 131 50 Yeo Street, Neutral Bay, NSW 2089 Australia | PO Box 612, Neutral Bay, NSW 2089 Australia Tel +61 2 9033 8611 | [email protected] | www.blackwall.com.au