QUEENSLAND based contract property developer AHC has had a miserable year.
AHC has reported an operating profit of $1.9 million – down 73.5% from the $7.2 million in 2007.
The FY07 result did include a $1.8 million profit from the sale of assets and $5.5 million relating to the revaluation of assets. Excluding those items, operating profit was $0.8m, on a comparable basis.
The directors of AHC Limited have declared a fully franked final dividend of 5 cents.
Australian Property Journal
