Tamawood Boasts Strong Profits and Dividends

Tamawood Limited (AU:TWD) has released an update.

Tamawood Limited reported a substantial profit before tax increase of 165.7% for FY24 at $8.03 million, alongside a healthy cash reserve of $6.114 million and remaining debt-free. The company declared a robust final dividend of 9 cents per share, leading to a total annual dividend of 20 cents, indicating a gross yield of over 10.38%. This financial strength is particularly notable given the 194% rise in building company insolvencies in Queensland over the last two years.

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