TAMAWOOD Limited, the owner of the Dixon Homes brand has posted a solid seventh record annual profit.
Tamawood reported an after-tax profit of $8.53 million for the year ended June 30 2007, representing an increase of 69.77% on 2006.
This record result does not include the $800,000+ pretax development profit as announced in May 2007, which will be realized in the first half of the FY2008.
Tamawood said this significant profit growthreflects an increase in house sales and construction turnover.
The company has announced a fully-franked final dividend of 12.5 cents per share, bringing the total fully franked dividends for 2007 to 19.5 cents compared with 13 cents in 2006.
Looking ahead, the company it expects the first half turnover and profit growth rates to be less than that experienced in 2007 financial year.
Australian Property Journal
