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Falling dollar hits Schaffer's earnings

The falling Australian dollar has impacted Schaffer Corporation's bottom line with the industrial company today reporting a 42 per cent drop in its interim net profit.

For the six months to the end of December 2008, Schaffer recorded a net profit of $3.4 million, down from the previous corresponding period's $5.8 million.

The company said the interim profit result includes a $5 million foreign exchange loss, compared to the previous year's $600,000 gain.

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 31/03/16

1 year TSR5 year TSR
197thASG Group40%5%
241stBWP Trust20%22%
277thSRG9%6%
358thSchaffer Corporation-4%13%
475thGlobal Construction Services-23%-23%
759 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

24/06/11
$118k Bought
Total value as at the date of the transaction
Source: Morningstar

Revenue

33rd-SRG$171.6m
34th↑ASG Group$164.2m
35th↓Schaffer Corporation$157.0m
36th↓Global Construction Services$150.8m
37th↑BWP Trust$145.2m
183 listed industrial companies ranked by revenue.
Source: Morningstar

Remuneration from Schaffer Corporation

92ndJohn M Schaffer$872k
281stMike Falconer$509k
307thAnton Mayer$474k
Ranked by total remuneration from all listed WA companies

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