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The Supply Network Ltd (ASX: SNL) share price is up 4.3% today. This came after the company posted its full year guidance update earlier today.
The company cited revenue expecatations of around $162 million and a net profit after tax (NPAT) of around $13.5 million.
Supply Network has had a busy year weathering the pandemic. Cash and liquidity reserves on its balance sheet rose from $1.64 million to $3.17 million from June to December 2020. The company was able to maintain its dividend distribution schedule, most recently paying a fully franked dividend of 8 cents per share to investors in April 2021.
In February, Supply Network posted its half-year report for December 30 2020, reporting year on year increase in revenue of 15.4%. Net profit after tax also grew 38.4% year-on-year to $6 million.
Shares in the niche aftermarket commercial-vehicle parts supplier have climbed 67.44% over the single-year period to date. The Supply Network share price currently trades at a price-to-earnings ratio (P/E) of around 25.5.
