Feltex BOD confirms that no final dividend will be payable
28 Jul '05
5 min read
Any merger must create value for Feltex shareholders in excess of the improvement in value that will arise from the changes to the company that the Board has underway, or will be evaluating in the near future. It should also create value in excess of external alternative opportunities that it is considering and evaluating. In the meantime the Board will continue with its programme of restructuring the business to restore earnings to levels that reflect the required return on funds employed.
Conclusion A full analysis of the 2005 year will be provided with the audited annual results to be released on 24 August. The company is trading profitability and a range of measures that will positively impact on current profitability is being implemented.
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