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SUPPLY NETWORK LIMITED — Earnings Release 2024
Jul 25, 2024
65827_rns_2024-07-25_1f8e1b75-8b51-44e5-b6ee-8ff4c7333121.pdf
Earnings Release
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SUPPLY NETWORK LIMITED ABN 12 003 135 680 1 Turnbull Close Pemulwuy NSW 2145 PO Box 3405 Wetherill Park NSW 2164 Telephone: 02 8624 8077
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ASX Release
26 July 2024
Preliminary earnings forecast June 2024 and dividend announcement
The Directors are pleased to advise that based on unaudited management accounts for the year ended 30 June 2024 consolidated sales revenue was $302.6m.
Profit after income tax is expected to be around $33.1m.
Final results and the Chairman and Managing Director’s review will be released to the market in late August 2024.
Directors have declared a final fully franked dividend of 33.0 cents per share, which is an increase of 5.0 cents on last year’s final dividend. The record date for the final dividend is 19 September 2024 and the dividend will be paid on 3 October 2024.
Please also refer to our separate ASX release, Appendix 3A.1 Notification of Dividend.
The Directors advise that the Supply Network Limited Dividend Reinvestment Plan (DRP) will be operating in respect of the final dividend.
Existing Participating Shares in the DRP continue to be Participating Shares for the final dividend. Shareholders may update their DRP instructions by contacting the Share Registry.
Subject to the Rules of the DRP, DRP participants will be issued shares at a discount of 2.5% to the volume weighted average market price of the shares (on an ex-dividend basis) during the five business days inclusive of and subsequent to the ex-dividend date. The Directors also advise that the DRP Market Price in relation to the final dividend will be capped at $20.00 per share.
The latest date for DRP election notices or variations to be received by the Share Registry is 24 September 2024.
Authorised by the Board of Supply Network Limited
Robert Coleman Chief Financial Officer Telephone: + 61 2 8624 8077