Bolt-on Acquisitions Will Supplement Revenue Growth in the Automotive Sector
No-moat-rated GUD’s net profit after tax, or NPAT, from continuing operations rose by 14% in the first half of fiscal 2019 to AUD 29 million. This was driven by strong growth in the core automotive segment, although this mainly reflected the first full six-month contribution from recently acquired Disk Brakes Australia and AA Gaskets. The board declared a fully franked interim dividend of AUD 25 cents per share, a 4% increase on the previous corresponding period, at a 74% payout ratio.At the cu...
GUD Holdings is engaged in the manufacture and importation, distribution and sale of cleaning products, household appliances, warehouse racking, industrial storage solutions, office storage products, automotive products, locking devices, pumps, pool and spa systems, and water pressure systems, with operations in Australia, New Zealand, France, Spain, China, Malaysia and Hong Kong. Co.'s reportable segments are Oates, Automotive (Ryco, Wesfil, Goss), Davey, Dexion, and Lock Focus.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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