Futuris Corporation Limited

By Intelligent Investor · 22 Feb 2002

By Intelligent Investor ·
22 Feb 2002

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Current price

$8.39 at 10:44 (25 April 2024)

Price at review

$1.79 at (22 February 2002)

All Prices are in AUD ($)

Futuris Corp (FCL) - $1.79: A falling share price prompted Futuris to announce first-half profit would be up around 50% on last year. The actual result was up 56%, to $55m, thanks to abnormals from the Bristile sale and Australian Agriculture float. A 4-cent dividend, 50% franked (ex-date 13 March) was declared. Earnings from its rural and automotive divisions were healthy and, under the guidance of Alan Newman things look set to get better. As in issue 96 (Buy - $1.81) Futuris remains a BUY.

IMPORTANT: Intelligent Investor is published by InvestSMART Financial Services Pty Limited AFSL 226435 (Licensee). Information is general financial product advice. You should consider your own personal objectives, financial situation and needs before making any investment decision and review the Product Disclosure Statement. InvestSMART Funds Management Limited (RE) is the responsible entity of various managed investment schemes and is a related party of the Licensee. The RE may own, buy or sell the shares suggested in this article simultaneous with, or following the release of this article. Any such transaction could affect the price of the share. All indications of performance returns are historical and cannot be relied upon as an indicator for future performance.

Futuris Corporation Limited

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Futuris Corporation Limited

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