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Profit before taxation of $424 million reflects a 16% improvement over 2007 for the period ended June 30, 2008, whilst Sales for the period ended June 30, 2008 grew by 11% to $2.6 billion over the same period. Earnings per share of $1.58 are up by 14% from $1.38 reported for last year’s second quarter results.
These results are from pure organic growth with all of our Sectors maintaining strong financial health and executing well in a tough
inflationary market environment. In particular, we are pleased to note that the performance in the media and financial sectors
demonstrates an improvement in the trend reported in the Group’s first quarter 2008 results. The significant investments in state of the art equipment have already started delivering operational synergies and our Management continues to find new and innovative ways to
deliver quality products and services to our customers at the most competitive prices.
Overall, the Group’s business fundamentals are strong and we expect to achieve even better results in the second half of our financial
year. I remain confident of achieving all 2008 targets.
Your Directors have approved an interim dividend of $0.30 per share (2007 – $0.30) which will be paid on November 14, 2008 to
shareholders on the register on October 31, 2008. The register of members will be closed on November 3 – 4, 2008 both days inclusive. In accordance with Section 11b of the Company’s Act 1995, the Directors have fixed November 6, 2008 as the record date for the payment of the interim dividend.
A. NORMAN SABGA
CHAIRMAN AND CHIEF EXECUTIVE