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.


(existing subscribers)

The password field is case sensitive.
Request new password

Register for free

Sign up here for free access to 7 articles per month + twice daily business email alerts.

Thanks! This question prevents spammers...
Enter the characters shown in the image.

Add your comment

Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 29/09/17

1 year TSR5 year TSR
45thEmeco Holdings211%-23%
108thGlobal Construction Services73%4%
145thSchaffer Corporation51%21%
674thMMA Offshore-47%-40%
719 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

$118k Bought
Total value as at the date of the transaction
Source: Morningstar


28th↓MMA Offshore$221.9m
29th↓Emeco Holdings$221.8m
30th↑Schaffer Corporation$215.0m
32nd↑Global Construction Services$208.0m
232 listed industrial companies ranked by revenue.
Source: Morningstar

Remuneration from Schaffer Corporation

60thJohn M Schaffer$1.072m
227thAnton Mayer$544k
267thMike Falconer$493k
Ranked by total remuneration from all listed WA companies

BNiQ Disclaimer