Business
Why the Schaffer (ASX:SFC) share price flew 9% today
The Schaffer Corporation Limited (ASX: SFC) share price was sent soaring today after the company announced its half-yearly results for FY21. Shares in the industrial company closed the day’s trade at $20, up 9.89%.
Earlier in the day, the Schaffer share price reached a new record high of $20.20.
What sent the Schaffer share price flying?
Schaffer Corporation is involved in a broad range of activities including automotive leather, paving, concrete and limestone product manufacture, and property leasing. Investors reacted positively today to Schaffer’s half-year results for the period ending 31 December 2020.
The company announced a half year net profit after tax (NPAT) of $23.1 million, up from $13.9 million compared to the…
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