Williams & Kettle in clover

The company made a profit of just over $5 million for the six months ended January, 78% higher than last year's interim figure and ahead of its $4.2 million profit for the full 2000 financial period.

Included in the latest result is a net gain of $363,000 from the sale of properties.

WKL says the profit reflects the strong upturn in the rural economy and gains in market share, with its merchandising and livestock divisions performing particularly strongly.

The company says the trading outlook for the second half is very positive, although its seasonal earnings profile has changed in recent years and the first half of each financial year is now expected to provide the substantial majority of the full year's earnings.

A fully imputed dividend of 9 cents per share has been recommended - 2 cents higher than last year.

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