RB Patel Posts $7.35m Profit
R B Patel Group Limited has announced a 24 per cent increase in profits for the financial year ended June 30, 2016.
The company’s operating profit after income tax expense was $7.35 million compared to $5.91 million the previous year.
The company’s revenue, including other income, increased by 9.4 per cent to $117.67 million from $107.45 million the previous year.
Chairman, Iowane Naiveli, said the results were extremely pleasing.
He said the company’s exceptional performance reflects the commitment and dedication by management and employees of the company.
At the same time, RB Patel board has declared a final interim dividend of 11 cents per share to be paid on August 25.
This will bring the total dividends paid for the year to 15 cents per share.
“The board is confident that our shareholders will be extremely pleased with the results and the increased dividends,” Mr Naiveli said.
