By NZPA
|
Monday 9th September 2002 |
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The company will pay a dividend of 10 cents per share on October 11, bringing the year's fully imputed dividends to 18cps, up from 15cps last year.
Hellaby managing director David Houldsworth said in a statement the result represented an after-tax return of 18 percent on shareholders funds, with earnings per share increasing to 28.4 cents per share from 25.9 cps last year.
The result was based on "strong growth in overall profitability from the group's subsidiaries and associate companies," he said.
Operating revenue dropped to $341.1 million, from $375.9 million, while the surplus before tax and unusual items rose to $18.9 million from $14.0 million.
Results were mixed for Hellaby's investments include Brake and Transmission, textile company Levana Textiles, life insurer Club Life, and footwear retailer Hannahs.
"The focus on improving the underlying core earnings of the group will continue and it is anticipated that this will lead to a further increase in profitability in the current year," Mr Houldsworth said.
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