DESANE Group Holdings has suffered an after tax loss of $2,065 for FY11.
The result was affected by the decision to devalue, by $1.25 million, the group’s property asset held by an associated company.
Desane has announced a final dividend of 1 cent per share unfranked compared to 2 cents in the previous year.
As at 30 June 2011, the group’s net tangible assets is 79 cents per share.
Australian Property Journal
