Sietel Limited (ASX:SSL) Releases Half-Year Report
Financial Performance
Sietel Limited reported an 11% decrease in revenues, totaling $7,440k for the half-year ended 31 March 2025, compared to $8,324k in the previous period. Profit from ordinary activities after tax fell by 49% to $601k, down from $1,182k in the corresponding period last year.
Dividend Declaration
No ordinary dividends were declared for this half-year. However, preference dividends of 5 cents per security were paid on 10 January 2025, consistent with the previous year’s distribution.
Operational Review
The majority of investment properties remained tenanted, though some small retail premises and an industrial warehouse faced vacancies. The company’s subsidiary, Alliance Appliances Australia Pty Ltd, continued product development but encountered challenges due to environmental regulations affecting the gas industry.
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