Is Finbar Group Limited (ASX: FRI) about to touch $1 with revised profit guidance?

The company is Western Australia’s leading apartment developer which has revised its profit guidance for the financial year ended June 30, 2018 and expects to be reporting a net profit after tax of approximately $14 million. Net profit after tax of approximately $12 million for FY18 is what the company provided under its guidance in April. Directors of Finbar have resolved to announce a final dividend of 3 cents per share fully franked, which will result in a total dividend of 6 cents per share for FY18 when combined with the 3-cent interim dividend paid in April.

Over 5,687 units are completed by Finbar and it proudly continues to shape the lifestyles and landscape of Western Australia. 21 years of consecutive profit have been achieved by Finbar and the group has rewarded its shareholders with fully franked dividends for the past 20 years. $51 million has been in the retained earnings. During the third quarter 2018, Finbar achieved $64.7 billion in sales which represented a 64.3% increase from third quarter 2017.

Finbar Group Limited (ASX:FRI) traded at a market price of $0.980 with daily price change or a rise of $0.050 and a percentage change of positive 5.376% as at July 23, 2018, before market close.


The advice given by Kalkine Pty Ltd and provided on this website is general information only and it does not take into account your investment objectives, financial situation or needs. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. and associated websites are published by Kalkine Pty Ltd ABN 34 154 808 312 (Australian Financial Services License Number 425376). The information on this website has been prepared from a wide variety of sources, which Kalkine Pty Ltd, to the best of its knowledge and belief, considers accurate. You should make your own enquiries about any investments and we strongly suggest you seek advice before acting upon any recommendation. Kalkine Pty Ltd has made every effort to ensure the reliability of information contained in its newsletters and websites. All information represents our views at the date of publication and may change without notice. To the extent permitted by law, Kalkine Pty Ltd excludes all liability for any loss or damage arising from the use of this website and any information published (including any indirect or consequential loss, any data loss or data corruption). If the law prohibits this exclusion, Kalkine Pty Ltd hereby limits its liability, to the extent permitted by law to the resupply of services. There may be a product disclosure statement or other offer document for the securities and financial products we write about in Kalkine Reports. You should obtain a copy of the product disclosure statement or offer document before making any decision about whether to acquire the security or product. The link to our Terms & Conditions has been provided please go through them and also have a read of the Financial Services Guide. On the date of publishing this report (mentioned on the website), employees and/or associates of Kalkine Pty Ltd do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s