Midway Ltd Announces Profit and Dividends Post-Reform

Midway Ltd (AU:MWY) has released an update.

Midway Limited reports a turnaround with its first NPAT profit since FY 2019 and a strong balance sheet, following a strategic overhaul that improved operating performance and saw the sale of plantation estates. The company’s improved financials allowed for the declaration of both a special dividend of 14.5 cents and an ordinary dividend of 1.6 cents per share, fully franked. Midway’s focus on developing its plantation carbon management business and securing long-term wood supply for its Geelong mill positions it for future growth.

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