Despite lower earnings versus FY2021, Multi-Chem plans to pay a much higher dividend of 17.7 cents for the whole of FY2022. In contrast, it paid 11.1 cents for the preceding FY2021.
Multi-Chem grew its revenue for 2HFY2022 by 3% to $315.1 million. However, because of lower margins, earnings dropped by 23% y-o-y to $10.3 million.
For the full year, earnings decreased by 20% to $20 million. Revenue was up 2% for FY2022 to $617 million.
