Monday 30th August 2021
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The directors are pleased to report a further 13% increase in net earnings over the prior year, despite the significant challenges of the COVID-19 pandemic. A year ago, we advised that we expected a significant downturn in revenue, but as a result of foreshadowed acquisitions, we were able to increase operating revenue by 7%.
The increase in net earnings included an expense relating to acquisition costs of $0.4 million.
The Cylinder Guy contributed $0.35 million to earnings for the nine months and About Health $0.19 million for the two months, being the part-periods of operation since acquisition.
The directors wish to advise that they are declaring a final dividend of 1.4 cents per share for the year ended 30 June 2021. The timing of the record date and payment date for the dividend is contingent upon the relaxation of the COVID-19 Alert Level lock downs and return to normal trading activities. An update in the prescribed form required by the NZX will be provided to the market as soon as the decision on timing has been finalised. The Harvard Group has advised that they will fully participate in the Dividend Reinvestment Plan for this dividend.
The Board would like to convey their sincere appreciation to each and every one of the Company’s team members.
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