Our policy is to declare dividends at an annual rate of approximately 50%-70% of net profit after tax (NPAT), adjusted for non-trading items, in conjunction with the release of our half and full year results.

Our ability to pay dividends and make distributions, as well as the market price of our shares, depends on a number of factors, including:

  • Economic conditions in our countries of operation
  • Our operational and financial performance
  • Government policies and interest rates or currency markets

It is a current expectation of the Directors that dividends will carry imputation credits to the extent that imputation credits are available.

The Directors reserve the right to amend the dividend policy at any time. Each dividend will be determined after the company has considered its financial position and projected capital requirements, operating performance and cash flows at the time.