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FHL to pay second interim dividend
The Board of Fijian Holdings Limited has declared to pay $2,296,465 as the second interim dividend to company shareholders for the current 2010 financial year.
The dividend payment is made up of 10 cents per A Class share totaling $1,046,465 and 6.25 cents per B Class share totaling $1,250,000. For B Class shareholders, the dividend declared for 2010 has increased by 25% (1.25 cents) compared to the second interim dividend paid out last year for these shares which was 5 cents per B class share. The Board made the decision to increase the dividend rate for B class shares as a step towards making the dividend rate the same for both classes of shares. Further increases in the dividend rate for B class shares in the future will be considered by the Board subject to an annual review of actual business results and growth expectation. In accordance with the SPSE rules on dividends declaration and payments, the FHL Shareholders register will close on 28th October 2010 and dividend payment release to our shareholders on 29th October 2010.
Turnover of $50.4 million for the previous year 2009; included $38.8 million being extra-ordinary profit on sale of FHL Shares in Fosters and exchange gain. The Gross Profit of $41.1 million last year was a reflection of these significant transactions. |
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