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Matrix chief executive Aaron Begley says the sale of the property provides the company with funds to pay off debt.
Matrix sells Malaga property
Monday, 14 March, 2016 - 13:06
Matrix Composites & Engineering has sold its engineering workshop in Malaga for $3.25 million, with the proceeds to be used to further reduce the company's debt.
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Share Price
Closing price for the last 90 trading days
Source: Morningstar
Total Shareholder Return as at 31/01/19
| 1 year TSR | 5 year TSR | ||
|---|---|---|---|
| 318th | Ozgrowth | -10% | 2% |
| 493rd | Tempo Australia | -37% | 25% |
| 599th | Matrix Composites & Engineering | -49% | -19% |
| 629th | Alexium International Group | -53% | -5% |
| 669th | The Agency Group Australia | -58% | -30% |
726 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar
Source: Morningstar
Share Transactions
Total value as at the date of the transaction
Source: Morningstar
Revenue
| 68th |  | Matrix Composites & Engineering | $20.5m |
| 70th |  | Alexium International Group | $19.9m |
| 71st | | Tempo Australia | $19.2m |
| 73rd | | The Agency Group Australia | $16.8m |
| 75th | | Ozgrowth | $16.0m |
228 listed industrial companies ranked by revenue.
Source: Morningstar
Source: Morningstar
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The information is general information only and does not constitute financial advice It is not intended to be, and should not be construed in any way as, investment, legal or financial advice
Retail clients should be advised the Morningstar Financial Services Guide can be found at http://www.morningstar.com.au/fsg.asp
Show moreIt is important to note that the Morningstar information displayed by Business News is not to be copied or distributed except as authorised; and that such information is not warranted to be accurate, complete or timely and that neither Morningstar nor Business News are responsible for any damages or losses arising from any use of this information.
The information is general information only and does not constitute financial advice It is not intended to be, and should not be construed in any way as, investment, legal or financial advice
Retail clients should be advised the Morningstar Financial Services Guide can be found at http://www.morningstar.com.au/fsg.asp
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