NewsBite

Link sinks on low-growth outlook

Simon Evans
Simon EvansSenior reporter
EmailLinkedInTwitterFacebook

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

Key Points

  • Full-year revenue ($m) 1160.3, -5.7pc
  • Pre-tax loss ($m) -141.5 v -90.0
  • Net loss ($m) -162.7 v -102.5
  • Final dividend (¢) 5.5 v 3.5
  • Date dividend payable: October 20

Shares in superannuation administrator and share registry company Link Group tumbled by 13 per cent on Thursday but chief executive Vivek Bhatia urged investors to be patient as he rebuilds the business.

He was philosophical about the share price rout as Link predicted a soft outlook, with revenue growth this year expected to be in the “low single digits”.

Loading...
Simon Evans writes on business specialising in retail, manufacturing, beverages, mining and M&A. He is based in Adelaide. Connect with Simon on Twitter. Email Simon at simon.evans@afr.com
EmailLinkedInTwitterFacebook

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

License article

Read More

Latest In Financial services

Fetching latest articles

Most Viewed In Companies

    The Australian Financial Review Magazine

    Cristina Chang .

    BOSS Financial Review

    Alex Waisilitz, founder of Thorney Investments at his Collins Street office in Melbourne, but has plans to spend more time in New York and Israel.

    Life & Leisure

    All-leather Soho sneaker by Coach, with a taxi charm.

    Rich List

    Original URL: https://www.afr.com/companies/financial-services/link-sinks-on-low-growth-outlook-20210825-p58lv3