Profit before tax in 22-23 was $24.7m and NPAT was $17m
Profit before tax in 23-24 of $23 million if the tax rate is 30% suggests NPAT of $16 million.
So EPS of around 21 cps and PE of 7.4. Dividend should certainly be held at 10 cps for a fully franked dividend yield of 6.4%.
Profit after tax in the first half was $7.6m so suggests earnings in second half of $8.4m. Could mean healthy forecast for next year, particularly given money spent on new facilities over last year. Could imply higher NPAT than in 22-23 which was boosted by demand created by supply chain disruptions.
A great report which should see the shares push higher.
CLX Price at posting:
$1.56 Sentiment: Buy Disclosure: Held
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