Korvest (ASX:KOV) is headquartered in South Australia and provides cable and pipe supports and galvanising services
Listed in September 1970
Korvest has sales offices and warehouses in Adelaide, Melbourne, Sydney, Brisbane and Perth, with distributors in Darwin, Townsville, Hobart and New Zealand
Manufacturing, fabrication and galvanising in Adelaide Overseas supply chain provides make vs buy flexibility Sell to a wide variety of industry sectors
4
Headline Numbers
Sales
EBIT
only
NPAT
Operating cash flow
EPS
Dividend per share
Profit After Tax
use
8,000
7,000
6,000
5,000
4,000
3,219
3,000
2,130
1,897
2,835
2,000
onal
1,000
0
FY20 1H
FY20 2H
FY21 1H
FY21 2H
June 22
June 21
% Change
$99.22m $69.79m 42.2%
$16.00m $8.88m 80.2%
$11.34m $6.05m 87.4%
$3.99m $6.51m
99.0c 53.5c 85.0%
60c35c
7,036
•
Record year with exceptional 1H
4,300
• Significant large project work
•
Sale of PSA/TT
•
Working capital demands
impacted operating cash flows
FY22 1H
FY22 2H
5
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Korvest Limited published this content on 25 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 July 2022 01:43:01 UTC.
Korvest Ltd is an Australia-based company, which is engaged in hot dip galvanizing, sheet metal fabrication, and the manufacture of cable and pipe support systems and fittings. It operates through two segments: Industrial Products and Production. The Industrial Products segment includes the manufacture of electrical and cable support systems and steel fabrication. It includes the EzyStrut business. The Production segment represents the Korvest Galvanizing business, which provides hot dip galvanizing services. In the Industrial Products segment, the EzyStrut cable and pipe support business supplies products for infrastructure developments and also supplies products to electrical wholesalers and contractors for small industrial developments. The Company provides solutions across infrastructure, commercial, utilities, mining, food processing, oil and gas, power stations, health and industrial segments. Korvest Galvanizers operates a hot dip galvanizing business in South Australia.