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Cedar Woods Properties Announces Record Full Year Net Profit of $45.4m

22 Aug 2017  |  08:42:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: CWP announces record full year net profit of $45.4m

Cedar Woods Properties announced report a record NPAT of $45.4m for the 2017 financial year (FY2017), an increase of 4.2% on the previous financial year. The Board has declared a fully franked final dividend of 18.0 cps bringing total dividends for FY2017 to a record 30.0 cps compared to 28.5c for FY2016. This is consistent with the Board's policy of distributing 50% of full year net profit to shareholders, providing a high-yield return on investment of 6%. Revenue was 27% higher than the prior year 2016 due to a 29% increase in lots settled, with gross profit increasing by 7%.

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