Hancock & Gore Limited (AU:HNG) has released an update.
Hancock & Gore Limited anticipates a robust half-year with a projected 80% increase in NPAT to $4 million, plans to double its dividend to 1 cent per share, and has achieved 100% ownership of Mountcastle. Despite Mountcastle facing sector challenges and a likely underperformance in year-end results, H&G’s diversified investments have driven profits, with Mountcastle contributing dividends and reduced debt. An update on Mountcastle’s performance and long-term growth strategy will accompany H&G’s detailed half-year results on May 21, 2024.
For further insights into AU:HNG stock, check out TipRanks’ Stock Analysis page.
