Business
ASX falls 0.4%; Banks and Afterpay rise, miners and CSL drop – The Sydney Morning Herald
The ASX has backed away from its near 11-month high with the big miners and CSL sagging. The major banks and Afterpay were higher.
The rate of sales revenue growth has been lower than sales orders due to the extended lead times caused by delays in raw materials to our suppliers and shipping issues which continue to be challenging, the company said.
Despite the delays, Nick Scalis heightened profit means the business will pay shareholders a 40 cent per share interim dividend, up 60 per cent from the prior half. Around $4.4 million, or 13 per cent, of the dividend will be paid to managing director and majority shareholder Anthony…
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