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Simonds Group begins share buyback

Trevor Hoey
Trevor HoeyColumnist
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Integrated homebuilder and builder training organisation Simonds Group recently delivered its first annual result since listing on the ASX in November 2014. The company is a market-leading homebuilder in Victoria, but it also has operations in Queensland and New South Wales, with plans to expand.

The group generated a pro-forma net profit of $21.1 million from revenues of $634.4 million, representing an earnings increase of 80.3 per cent on the previous corresponding period.

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Trevor uses economic trends and fundamental analysis to identify quality stocks across all sectors. Trevor analyses breaking news, giving active investors an important edge. Connect with Trevor on Twitter. Email Trevor at thoey1@bigpond.com

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    Original URL: https://www.afr.com/wealth/investing/simonds-group-begins-share-buyback-20150824-gj64cx