RHC delivered 8% revenue growth in FY20, with a strong 1H more than offsetting the 4% decline experienced in 2H.
Australia suffered the greatest contraction in 2H, down 8% on the same time last year. UK revenue growth remained solid, up almost 5%.
Based on normalization in FY22 earnings, we have the stock trading on a forward yield of 2.2%.
![](https://d2cbr21qzf932u.cloudfront.net/wp-content/uploads/2020/09/RHC.png)