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Schaffer profit down

DIVERSIFIED industrial group Schaffer Corporation provided earnings details to the market this week. Schaffer recorded a net profit after tax of $9.9 million for the year to June 30. Excluding the one-off sale of land in West Perth, the result was $9.2 million. This adjusted figure was down from $13.8 million the previous year. Schaffer will pay a final fully-franked dividend of 25 cents a share.The company said in a statement that the year’s difficult trading conditions had the greatest impact on the automotive leather division, contributing 46 per cent of the group’s earnings. Schaffer said it expects challenging trading conditions to continue in the leather division into this financial year, as high oil prices continue to impact upper-end vehicle sales.

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 31/10/18

1 year TSR5 year TSR
64thSchaffer Corporation77%29%
137thMMA Offshore37%-39%
221stImdex19%10%
361stCedar Woods Properties-3%-0%
485thGlobal Construction Services-21%5%
744 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

27/11/17
$211k Bought
27/11/17
$0 Sold
24/11/17
$259k Bought
Total value as at the date of the transaction
Source: Morningstar

Revenue

24th↑Global Construction Services$249.5m
25th↑Cedar Woods Properties$242.6m
26th↑Schaffer Corporation$227.2m
27th↑Imdex$218.6m
28th↓MMA Offshore$200.9m
239 listed industrial companies ranked by revenue.
Source: Morningstar

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