Pod Limited reports Feb 2006 interim results 21% lower
08 Feb '06
4 min read
Domestic sales have been strong driven by continued growth in home redecoration and new housing. The domestic retail trade has been relatively stable and Mollers customer relationships are strong with a range of new initiatives in place for the balance of this year.
Dividend In keeping with the company's dividend policy, directors have not declared an interim dividend. At this stage, there is no change to the policy of paying out 25 percent of net surplus for the year as a final dividend. A 3 cents fully imputed final dividend was paid last year. Based on the year end forecast operating surplus of not materially greater than breakeven, the current dividend policy would dictate that no final dividend be paid. However the board will consider all factors, including the company's strong financial position before making a decision on dividend when the year's result is finalised.
Pod Limited is a fashion management group comprised of two fashion clothing companies and a home furnishings company.
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