Company News Summary
Woolworths Provides 2016 Full-Year Results Analyst Presentation
Original announcement: 2016 Full-Year Results Analyst Presentation
Woolworths provided 2016 full-year results analyst presentation. The Company stated that new operating model implemented to drive further accountability into business. The Company has implemented revised Short Term and Long Term performance measures aligned with driving business transformation. It has progressed on exit of Home Improvement business. It has reported full year dividend of 77cps representing payout ratio of 70% of Group NPAT before Significant Items and intends to underwrite DRP to 50% primarily to fund the upcoming refinancing of Woolworths Notes II. Net Repayable Debt of $3bn in line with FY15. The Company has terminated the JV agreement with Lowe's. Q1'17 sales release is currently scheduled for 28 October 2016.
See more ASX300 News Announcements