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Tamawood downgrades expectations for December half profit, retains dividend

The company has received preliminary unaudited results for the December half.
red arrow trending downward
The company runs the Dixon Homes brand

Tamawood Limited (ASX:TWD) has downgraded its expected December half profit by a further 12% meaning it is expected to be 26.9% lower than the same period in the prior year.

The company did state that its interim fully franked dividend will remain at 11 cents but its final fully franked dividend will need to be reviewed by the board over the next three months.

Tamawood cited a number of contributing issues to its downgrade including the banking royal commission, Labor’s election campaign policy on capital gains and negative gearing, and land prices not dropping as much as house prices.

A home-building company

Tamawood’s principal business activities are contract home construction, home design and other associated activities in Australia.

The company is based in Brisbane, Queensland and most notably runs the Dixon Homes brand.

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Tamawood Limited Timeline

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