Ridley Corporation Reports Strong Half-Year Financial Performance with Increased Revenue and Dividend

Ridley Corporation Limited ( (AU:RIC) ) has issued an announcement.

Ridley Corporation Limited announced its half-year financial results for the period ending December 31, 2024, showing a revenue increase of 3.3% to $658.9 million and an EBITDA rise of 9.3% to $50.6 million. The company’s net profit after tax rose by 3.5% to $22.2 million, attributed partly to acquisitions, despite higher depreciation and finance costs. Although net debt increased due to acquisition outflows, the company maintained strong operating cash flow, enhancing its financial position. The board declared an interim dividend of 4.75 cents per share, reflecting a commitment to shareholder returns.

More about Ridley Corporation Limited

Ridley Corporation Limited is a company operating in the agricultural industry, primarily focusing on the production of animal nutrition solutions and services. It holds a significant presence in the market, catering to various stakeholders in the agricultural sector.

YTD Price Performance: 33.58%

Average Trading Volume: 4,500

Technical Sentiment Consensus Rating: Strong Sell

Current Market Cap: $565.5M

See more insights into RIC stock on TipRanks’ Stock Analysis page.