This confirms the update of 28 July 2023.That SNL has enjoyed...

This confirms the update of 28 July 2023.

That SNL has enjoyed compound revenue growth of 22.6 per cent for three consecutive years is incredible, not that one wishes to engage in unwarranted hyperbole.

Projected FY 24 sales growth of a little above 14 per cent suggests sales continue to increase in real terms. One doesn't however know how much of this anticipated rise is due to inflation.

The low gearing would be envied by quite a few ASX-listed entitities.

There's a significant amount of activity in increasing the physical footprint of various SNL branches. It's good this isn't confined to one state.

Growth in annual dividends during the last few years has been excellent.

It's only briefly alluded to but SNL's ongoing quite rapid growth must mean some safety risks, given the amount of manual handling required. Let's hope its forklift/lollp drivers are careful each working day.

Perhaps at some stage the company will experience difficult times, but this isn't apparent from today's perspective.

Best of all, SNL seems to have pricing power as there's no comment to dispute this from Directors.