QVE Full Year 2023 Results Announcement

Key Results

• Full year, after-tax profit was $9.2 million, up 49% on FY22
• A final, fully-franked dividend of 1.3 cents per share (cps) will be paid on 1 September, taking the full year’s dividends to 5.2 cents (4.8 cents FY22)
• The full year’s dividends are an increase of 8.3% on the year prior and equate to a gross yield of 7.9%*, including franking credits

QV Equities Limited (‘the Company’) reported a net after-tax profit of $9.2 million for the year to 30 June 2023, compared to $6.1 million for the 2022 financial year.

Chairman Peter McKillop said of the result: “While share markets enjoyed a strong financial year it was a more difficult year for small cap stocks, particularly small cap industrials. This trend adversely affected the Company’s share portfolio, meaning a more modest return for the financial year. However, the quality of the companies in the portfolio enabled us to again increase dividends to shareholders. Dividends for the financial year totalled 5.2 cents, which equates to a gross yield of 7.9%*, including franking credits.”

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