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SBN Holdings (SNO) released interim results ending 30 Jun ’22 earlier today. Interim HEPS increased by 28.7% y/y to 45 cps (1H ’21: 36 cps). The Board declared an interim dividend of 20 cps, implying a rolling 12-month DY of 8.0%. And rolling 12-month ROE improved to 10.6% from 9.0% y/y and 8.6% at the end of Dec ’21.