KEY POINTS:
Rural services firm Allied Farmers has announced a fully imputed interim dividend of 4 cents per share.
It compared with a 5c per share interim dividend a year ago, and came after the company last month reported a net operating profit of $846,000 for the six months to December 31 against $758,000 a year ago.
Allied Prime Finance performed strongly, with a pre-tax profit of $2m, against a $863,000 loss by mill operation Allied Pine. The rural services operations of the group made a profit of $641,000.
The company is to hold a special shareholders meeting tomorrow in Hawera, South Taranaki, to consider a proposed capital notes offer to the public and a proposed executive share option plan.
Allied Farmers shares closed at $2.01 on Friday, just above its year low of $2 hit the day before. The highest share price in the past year was $2.62.
- NZPA
