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Company News Summary

Villa World Provides 3Q 2019 Operational Update

15 May 2019  |  10:11:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: 3Q19 Operational Update

Villa World provided 3Q 2019 operational update. The Board recognises the importance of returns to shareholder through fully franked dividends, as reflected in its stated dividend policy of a payout ratio of 50% to 75% of annual NPAT, paid semi-annually. The Board will give further consideration to the 2H 2019 dividend once there is further clarity regarding. The Company currently expects that the FY 2019 gross margin will be within the target range of 23% to 25%. The Company anticipates that customer sentiment is likely to improve following the Federal election, and that finance conditions may free up during the second half of CY 2019, as lenders work through the repercussions of the Banking Royal Commission.

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