Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
​Germany’s Synlab,which merged in October with France’s Labco, posted 1Q16 results showing a sharp rebound from the weaker 4Q15 released earlier this month. In its second quarter of integration, Europe’s No. 1 lab company grew organic revenue by 1.9% to €387m, above the 1.5% guided, bouncing off the low 1.2% reached in 4Q15.
​Germany’s Synlab, which merged in October with France’s Labco to form Europe's No.1 testing lab company, reported a disappointing set of 4Q15 results, with the group going through a difficult integration phase and suffering from tariff cuts in various countries. In its first quarter as a combined company, Synlab’s organic revenue slowed down to 1.2% year-on-year from the 3.8% in 9M15, due to drastic tariff cuts in Italy (11% of revenue) and the Czech Republic (3% of revenue), as well as...
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