Stanmore's 1H Profit, Interim Dividend Surprises -- Market Talk

Dow Jones08-26

0102 GMT - Ord Minnett found lots to like in Stanmore Resources' 1H result. Stanmore's statutory net profit of US$136.3 million was 17% higher than the bank had expected, while the company surprised with a dividend of 4.4 U.S. cents a share. Stanmore also refinanced its debt facility into a US$350 million five-year term loan and US$100 million revolving credit facility. "We expect this could potentially help with funding the capital requirements of the recently acquired Eagle Downs project," analyst Tim Elder says in a note. Stanmore is up 0.6% at A$3.15. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

August 25, 2024 21:02 ET (01:02 GMT)

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Stanmore also refinanced its debt facility into a US$350 million five-year term loan and US$100 million revolving credit facility. \"We expect this could potentially help with funding the capital requirements of the recently acquired Eagle Downs project,\" analyst Tim Elder says in a note. Stanmore is up 0.6% at A$3.15. 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Stanmore's statutory net profit of US$136.3 million was 17% higher than the bank had expected, while the company surprised ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7083","symbol_name":"煤与消费用燃料","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2462986454","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2462986454","pubTimestamp":1724634120,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0102 GMT - Ord Minnett found lots to like in Stanmore Resources' 1H result. 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