Tasmea Posts Higher Fiscal H1 Earnings, Revenue; Shares Down 3%

MT Newswires Live
25 Feb

Tasmea (ASX:TEA) reported Tuesday that its earnings per diluted share in the fiscal first half rose to AU$0.123 from AU$0.081 per diluted share a year earlier.

Revenue from contracts with customers for the six months ended Dec. 31, 2024, was AU$246.7 million, up from AU$193.3 million in the same period a year earlier.

The company upgraded its net profit after tax guidance for the fiscal second half to AU$52 million from AU$48 million.

The board declared an interim dividend of AU$0.05 per share, up from the AU$0.025 in the prior comparative period, payable on May 15 to shareholders on record as of April 30.

Company shares were down 3% in recent Tuesday trade.

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