Seven Group Holdings operational performance lifts profits

Company News

by Anna Napoli

Seven Group Holdings (ASX:SVW) has announced its half year results for FY19 with revenue and profit both higher compared to the year earlier period.

Underlying net profit after tax (NPAT) rose 61 per cent to $257 million.

Trading revenue rose 45 per cent to $2 billion.

Underlying earnings before interest and tax (EBIT) rose 68 per cent to $375 million.

The company has maintained a fully franked interim dividend of 21 cents per share.

SGH Group Managing Director & Chief Executive Officer, Ryan Stokes says the company's strong operational performance continued during the period with substantial growth in revenue, EBIT and operating cash flow.

Shares in Seven Group Holdings (ASX:SVW) are trading 8.20 per cent higher to $18.34.

Are you a 708 sophisticated investor?

A sophisticated investor is defined under Section 708 of the Corporations Act (net assets of $2.5 million or annual incomes in excess of $250,000).

They are eligible to receive information regarding wholesale investment opportunities that are not available to regular or retail investors.

Please subscribe if you would like to be alerted to these types of opportunities.