Qube Holdings Ltd

QUB: XASX (AUS)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	A$5.90	Fdwqpcj	Ypwgkptbwr

Qube Earnings: Strong Momentum Likely to Moderate

Adrian Atkins

Aug 22, 2024

Narrow-moat-rated Qube Holdings reported a strong fiscal 2024 result despite economic headwinds, given the diversified nature of its business. Underlying EBITA increased 14% to AUD 318 million and underlying net profit after tax, or NPAT, increased 15% to AUD 258 million, in line with our expectations. The dividend increased 13% to AUD 9.1 cents per share, fully franked and based on a payout ratio of 63% of earnings per share.

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