I just can’t shut up about Supply Network (SNL). After predicting at the start of 2011 that the company would grow at roughly the size of the economy, Supply Network has blitzed the general market, with NPAT growing 53% in FY11 and the share price almost doubling in a year, all while paying out generous dividends.
Today, Supply Network put up their HY12 numbers and forecast for the full year:
Revenue up 21% to $29.5M
EBIT up 53% to $2.73M
NPAT up 54% to $1.79M
Full year EBIT is anticipated to be $5.5M, up 44.7% from FY11. The interim dividend has also been increased 1c to 3c per share. The strong cash balance suggests more dividend increases (or a special dividend) may be in order later this calendar year.
(It should be noted that I have not yet added to my position)
Update 22/2/12: SNL today confirmed guidance at the above figures. Half year earnings per share? 5.23c. Current share price? 86c.