Kimly has declared a final dividend of 1.12 cents per share. Adding this to the interim dividend of 0.56 cents already paid in 1HFY2022 ended March 30, 2022 brings total payout for FY2022 to 1.68 cents per share, equivalent to a payout ratio of 61.4%.
Kimly, the operator of coffee shops, has started buying back its own shares following a fresh mandate given by shareholders. On Feb 15 and Feb 20, Kimly acquired 500,000 shares at 34 cents each and 379,800 shares at 33.5 cents each respectively.
On Nov 24, Kimly reported revenue for FY2022 ended September 2022 rose 33.1% to $317.7 million, thanks to a $73.5 million contribution from a newly acquired business, fried chicken chain Tenderfresh. However, without a similar level of government support to help local businesses tide through the pandemic, Kimly reported a 13.4% drop in earnings to $34 million from FY2021’s $39.3 million.
