Eildon Capital upgrades FY22 profit guidance

Eildon Capital Group (ASX: EDC) provided an update on its upgraded FY22 profit guidance. The company anticipates its Net Profit After Tax to be in the range of AU$6.0 million to AU$6.1 million for the full year ended 30 June 2022, which was AU$4.9 million in June 2021 and comprises AU$1.92 million of non-cash revaluations. It expects Net Asset Value to increase to AU$1.16 per stapled security, up 4.0 cents above the 31 December 2021 NAV of AU$1.12, and Net Tangible Assets to increase to AU$1.09 per stapled security, up 4.0 cents above the 31 December 2021 NAV of $1.05.

Eildon Capital also announced the June 2022 quarter distribution of 1.50 cents per stapled security, which will be paid to security holders on 22 July 2022.

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