Brief: Solvar Revises Up Lower End Of Guidance For Normalised Net Profit After Tax

Solvar

23/07/2024 02:25

July 23 (Reuters) - Solvar Ltd  SVR.AX :
    * REVISES UP LOWER END OF GUIDANCE RANGE FOR NORMALISED NET
PROFIT
AFTER TAX TO BETWEEN A$27-A$30 MILLION FOR FY
    * INTENTION TO DECLARE FINAL DIVIDEND OF 5.0 AU CENTS PER
SHARE,
FULLY FRANKED
    * WILL CEASE NEW LENDING IN NEW ZEALAND FROM AUGUST 2024
    * WILL FOCUS ON GROWING AUSTRALIAN OPERATIONS,  INCLUDING
EXPANDING COMMERCIAL LENDING BY SEPARATING IT OUT INTO DEDICATED
BUSINESS  UNIT

Further company coverage:  SVR.AX 

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