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CVC Limited (ASX:CVC)

ALERT: Price-sensitive ASX Announcement for CVC
Current share price for CVC : $1.850 -0.25 (-11.90%)+
Announcement
Release
4 Aug 2025 9:20AM
Price at Release
$2.100
Full Release
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Summary
CVC Limited released a market update and dividend announcement detailing its financial performance for the year ended 30 June 2023. The company reported a net profit after tax of $6.6 million and declared a final fully franked dividend of 6.0 cents per share, bringing the total dividends for the year to 10.0 cents per share. The results were impacted by challenging market conditions, particularly in the property sector, resulting in lower investment income and a decrease in net tangible assets per share. Despite these challenges, CVC Limited maintained a strong liquidity position, continued to pursue new investment opportunities, and remains focused on prudent capital management to deliver long-term shareholder value.
Key Points
  • CVC Limited reported a net profit after tax of $6.6 million for the year ended 30 June 2023.
  • A final fully franked dividend of 6.0 cents per share was declared, totaling 10.0 cents per share for the year.
  • Challenging market conditions, especially in the property sector, negatively affected results.
  • Lower investment income and reduced net tangible assets per share were noted compared to the previous year.
  • The company retains a strong liquidity position and continues to identify new investment opportunities.
  • CVC Limited remains focused on prudent capital management and delivering long-term value to shareholders.
  • Market update and dividend announcement were released on 28 August 2023.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.