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TFS managing director Frank Wilson.

TFS bullish despite lower profit

Nedlands-based sandalwood producer TFS Corporation has pointed to solid growth in cash revenue and underying earnings to support a positive outlook for the business, despite reporting a fall in net profit after tax.

TFS generated a net profit of $90.1 million for the 2016 financial year, down 20.2 per cent from its $113 million result in FY15, on the back of lower foreign currency exchange gains.

The company also reported a 17.3 per cent drop in revenue to $268.8 million, reflecting a fall in non-cash revenue such as revaluation of plantation assets.

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Quintis (QIN)

Share Price

Closing price for the last 90 trading days
Source: Morningstar

BN30 Index

Index = 100 as of 4 Jan 2016
Source: Morningstar

Share Transactions

23/03/17
$59k Bought
19/12/16
$0 Issued
02/09/16
$100k Bought
Total value as at the date of the transaction
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Revenue

39th↑Finbar Group$125.8m
40th↑Veris$107.9m
41st↓Quintis$97.4m
42nd↑Kresta Holdings$87.8m
43rd↓Neptune Marine Services$82.6m
231 listed industrial companies ranked by revenue.
Source: Morningstar

Remuneration from Quintis

111thAlistair Stevens$769k
477thQuentin Megson$299k
248thDalton Gooding$293k
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