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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 29/03/18

1 year TSR5 year TSR
110thSchaffer Corporation93%28%
119thImdex82%-1%
140thCoventry Group71%-12%
159thLycopodium64%-1%
285thGlobal Construction Services24%1%
716 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

28th↓Schaffer Corporation$215.0m
29th↑Lycopodium$215.0m
30th-Global Construction Services$207.6m
32nd↑Imdex$176.4m
33rd↓Coventry Group$173.7m
236 listed industrial companies ranked by revenue.
Source: Morningstar

Remuneration from Schaffer Corporation

53rdJohn Schaffer$1.072m
205thAnton Mayer$544k
239thMike Falconer$493k
Ranked by total remuneration from all listed WA companies

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