Redox Reports FY Profit Attributable Down 8.3% To A$80.7 Million

<WIRE> Redox Reports FY Profit Attributable Down 8.3% To A$80.7 Million

Friday, 8 September 2023

Redox (ASX:REDOX) recently announced that the company’s FY profit attributable fell by 8.3% to A$80.7 million.

Alongside this, the company’s FY revenue from ordinary activities reportedly increased by 16.2% to A$1.26 billion.

They also projected the FY24 NPAT to reach A$94 million.

The company reaffirmed its dividend payout policy of distributing 60%-80% of NPAT and is anticipating FY24 revenue of A$1.33 billion.

Redox is a global company involved in the distribution and marketing of raw materials and ingredients.

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<WIRE> Redox Reports FY Profit Attributable Down 8.3% To A$80.7 Million

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