By Phil Boeyen, ShareChat Business News Editor
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Thursday 30th August 2001 |
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The strong revenue growth has helped the company to a 30% jump in operating profit before tax of $4.6 million and an after tax profit of $2.97 million compared with $2.31 million previously.
Taylors says of particular significance during the year was the acquisition of Laundry & Drycleaning Services, which will significantly improve its business in the industrial sector and boost annual sales by around $10 million.
The newly acquired company contributed $2.4 million in revenue for the year ended June.
Taylors reports all three health plants in Auckland, Hamilton and Rotorua produced strong sales growth during the year, ending the year 11% up on the prior year. The Auckland business has secured the contract for the supply of linen to the Auckland hospitals until 2007.
Directors say the strong result in the second half built on earlier productivity gains to achieve the record result and are predicting positive trading for the current financial year.
A final payout of 4 cents per share has been recommended.
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