Chanticleer
Ryan Stokes declares Victoria in ‘recession’ as investment flees
Ryan Stokes has SGH’s profit margins humming, even despite Victoria’s stalled economy and our unending housing supply drought.
Sometimes the numbers don’t tell the whole story. SGH, the slick new name for the Stokes family conglomerate Seven Group Holdings, delivered another strong profit result on Tuesday, with earnings before interest and tax jumping 10 per cent in the December half to $843 million.
It’s more proof, if it was needed, that SGH is one of the great growth machines of the ASX, producing compound annual EBIT growth of 19 per cent over the past decade.
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Introducing your Newsfeed
Follow the topics, people and companies that matter to you.
Find out moreRead More
Latest In Infrastructure
Fetching latest articles