Endeavour Group Limited (ASX: EDV) reported a 2.6% rise in revenue to AU$6.5 billion compared to AU$6.3 billion in 1HFY22, denoting the company's sustained recovery in the hotel businedd as well as the cycle of COVID-19 consequences. The company's EBIT for the 1HFY23 was AU$644 million, a 15.8% increase over the previous comparative period. The Hotels EBIT contribution expanded to AU$256 million in the first half and its Retail EBIT of AU$418 million denotes a 9.3% decrease.
Finance costs of AU$119 million were AU$14 million higher than in 1HFY22 owing to increased interest rates. The company has decided to pay a fully franked interim dividend of 14.3 cents per share representing a 14.4% increase compared to the F22 interim dividend. This amounts to a projected dividend payment of AU$256 million to the company's shareholders. Endeavour shares will trade ex-dividend on 21 February 2023 with the record date of 22 February 2023, and the payment will likely be paid to shareholders on 20 March 2023.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
