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.
 

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.