Inghams Group reported 1H18 NPAT of $65 million versus $51 million the same time last year, whilst revenue of $1.2 billon was down 1.7%.
The company announced an interim dividend of $0.095
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FY19 EPS growth is forecast to increase by 5.5% and DPS will increase slightly to $0.20, placing the stock on a forward yield of 5.6%.
After buying ING at lower levels, we’ve locked-in profit as we don’t consider the stock a core portfolio holding.
Inghams Group
