WELLARD ORD
Wellard sells M/V Ocean Ute for $18.1m, plans capital return to shareholders
Leading livestock fleet owner Wellard (ASX: WLD) has elected to sell its oldest vessel the M/V Ocean Ute for $18.1 million in cash. Wellard expects the sale to Marshall Islands-registered company Bassem Dabbah Shipping to be completed in September 2024. The completion of the sale will result in an estimated $17.8m increase in cash on […]
Wellard sells largest purpose-built livestock ship to Kuwait-based entity
Shipping company Wellard (ASX: WLD) has revealed the sale of its MV Ocean Shearer for US$53 million (A$77.8 million), which is part of the company’s recapitalisation program. The MV Ocean Shearer is the world’s largest purpose-built livestock vessel, but Wellard claims it has been “consistently underutilised” in the current volatile environment. Wellard executive chairman John […]
Wellard posts maiden half-year profit, keeps watch on volatile export markets
Perth-based agribusiness company Wellard (ASX: WLD) has posted its first half-year profit since listing on the ASX. The first half 2019 report cited a net profit after tax of $2.9 million – representing a $10.3 million improvement on the $7.4 million loss for the 2017 corresponding period. Wellard also finished the period with net assets […]
