Hellaby maintains dividend despite profit plunge to send a message
Hellaby is confident its Contract Resources business will have a bumper second half after oil refineries deferred maintenance work in the first half. With special audio feature.
Hellaby Holdings [NZX: HBY] is paying out almost twice as much in dividends than it earned in the six months ended December, so sure are its directors that the 65% drop in net profit is merely a timing issue.
The net profit of $4.7 million was down from $13.5m in the year-earlier six months.
The
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Jenny Ruth
Mon, 22 Feb 2016
Mon, 22 Feb 2016
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Hellaby maintains dividend despite profit plunge to send a message
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