Kingfish half year profit $6000 - correction

An NZPA story published on Saturday, November 20 included some incorrect figures for the performance of investment company Kingfish Ltd.

The correct result was a net operating profit of $6000 for the six months to the end of September, compared to $21.5 million a year earlier.

Total net income from ordinary activities was $1.2m in the latest half year, including a $108,000 fall in fair value on investments. That compares with net income of $22.3m in the six months to September 2009, which included a $21.1m gain in fair value on investments.

Shareholders will receive a partially imputed quarterly dividend of 2.11cps as part of the company's long term distribution policy.

- NZPA