If an investor assumes 100% franking credit and 1.5c dividend will continue into second half, at 42c dividend yield is a touch above 10% with FrCr.
With growth of 39% in EBITDA, highly probable the dividend will increase by year end.
The other good item here is purchases of raw materials reduced more than revenue decreased. I would assume this would have something to do with a low margin contract completing.
Interesting 6 months coming up.
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