OVER Fifty Group Limited has seen a 23.78% drop in revenue but the company has returned to profitability.
In the six months to December 31 2009, OFG delivered a normalized net profit of $3.18 million – an increase of 25.30% compared to the previous corresponding year.
The company’s net profit including non-cash adjustments increased 132% to $3.19 million.
OFG said it has undertaken to confirm the reinstatement of dividends and it will announce the details of this within the next fortnight.
Australian Property Journal
