Fashion group Pod Limited declares steady annual results
05 Aug '05
4 min read
Financial Position The financial position of the company remains strong. Shareholders' equity was $20.133 million, compared to $17.698 million last year. Equity as a percentage of total assets of $41.867 million, was 48.1 percent at 30 June 2005. Net borrowings decreased by $5.408 million, from $15.156 million to $9.748 million, mostly as a result of the closure of Logan Textiles.
Cash Flows Net operating cash flows were strong at $6.196 million for the year. This compares with $5.046 million last year.
Dividend The directors have declared a final dividend of 3.0 cents per share, fully imputed for tax purposes. The dividend paid is 28 percent of net surplus after tax, slightly higher than the current policy to pay 25 percent, but the directors said that in all the circumstances the 3.0 cent dividend was appropriate.
The record date for the dividend will be 16 September 2005, with payment being made on 30 September 2005.
Pod Limited is a fashion management group comprised of two fashion clothing companies and a home furnishings company including: Designer Textiles International, New Zealand's world leading supplier of high quality fine merino fabrics and garments. Michele Ann, specialising in the design and supply of fashion garments.
marketing@alchempro.com
