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RB Patel Group Limited Declares Final Interim Dividend Of 12 cents Per Share

RB Patel Group Limited Declares Final Interim Dividend Of 12 cents Per Share
August 17
10:12 2018

RB Patel Group Limited yesterday announced that its board has declared a final interim dividend of 12 cents per share to be paid on September 14.

This will bring the total dividends paid for the year to 17 cents per share.

An increase of 6.3 per cent over last year.

Company chairman Iowane Naiveli said that it was with much pleasure that he announces an increase in the total dividend declared to 17 cents.

The company also released its audited financial statement for the year ended June 30, 2018.

Making the announcement yesterday, Mr Naiveli said: “The Company’s results are very pleasing and the record increase in the share price over the financial year has provided shareholders an unprecedented market return for the year.”

The company’s profit after tax increased by 13.9 per cent to $9,662,522 from $8,481,833 last year.

The company’s revenue including other income, increased by 1.6 per cent to $124,847,540 from $122,855,319 last year.

“With the share price at a record $4.85, our shareholders’ total market return on investment for the year will be 52.6 per cent.

“A very pleasing result for all our investors,” Mr Naiveli added.

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