December 19, 2021
MELBOURNE ENT (00158.HK) came with their results for the year ended 30 September 2021.
Net profit: HK$66.86 million, while 2020 came with a loss of HK$1.185
Final dividend rests at HK$1.8 This makes total Dividend over 2021 HK$ 3.60. That is a dividend cut of 30%! With this bold move a dividend growing streak of 16! years has come to an unfortunate end. See the updated dividend chart here
No surprise after the interim dividend cut. Also the Stock Screener gave an orange colored warning.
By December 31 this company will be removed of the list of Dividend growing companies listed on the Hang Seng Index.
May 20, 2021
MELBOURNE ENT (00158.HK) announced the results for the six months ended 31 March 2021. The loss narrowed to HK$85.32 million with LPS of HK$3.41. An interim dividend of $1.8 was declared.
That is a cut of 20% on interim dividends compared to interim dividends declared in 2020.