Highlights
• Safely and successfully transitioned from refinery to terminal operations on 1 April 2022
• Conversion project remains to plan and to budget - with some 65% of the budget either spent orcommitted, the project is significantly de-risked
• Reset cost of funding with successful retail bond issue completed in May 2022 and bankrefinancing completed in November 2022
• Transition to import terminal delivers first profit in three years
• New fuel demand outlook confirms stronger demand forecast for Channel Infrastructure over thelong term
• Return to dividends for shareholders, with a fully imputed final dividend of 5 cents per share and afully imputed special dividend of 2 cents per share (for 9 months of terminal operations)
Key Financial Results, including for the 9 months of import terminal operationsF
Y 2022Continuing operations EBITDA $57.5m
Net Profit before tax $23.1m
Dividend declared – final 5 cps Dividend declared – special 2 cps
Discontinued operations EBITDA $24.0m
Net Profit before tax $2.4m
This company is never really talked about much on here but look at this weekly chart, yes it is a recovery stock, but wow why would you not be involved?
Sorry for some reason it only wants to upload a thumbnail.
This company is never really talked about much on here but look at this weekly chart, yes it is a recovery stock, but wow why would you not be involved?
Sorry for some reason it only wants to upload a thumbnail.
You'd think if the CFO walked off the job (must be due to stress from counting all the profit) and they had to get the old CFO back as an emergency measure, that this would trigger a NZX announcement.
You'd think if the CFO walked off the job (must be due to stress from counting all the profit) and they had to get the old CFO back as an emergency measure, that this would trigger a NZX announcement.
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Originally Posted by kizame
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