CWY was on our high conviction list and the stock has jumped over 10% today following the 1H19 earnings announcement.
The result was ahead of market consensus with underlying net profit after tax of $67m. Revenue growth was up 9% on the same time last year.
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The company lifted net profit after tax by 35% for the first half FY19 on the back of organic growth and the acquisition of rival Tox Free.
Based on FY19 earnings we have CWY trading on a 1.8% dividend yield.
