Midway Ltd (AU:MWY) has released an update.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
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.
For further insights into AU:MWY stock, check out TipRanks’ Stock Analysis page.