FAL profit hits $120 million

FOODLAND Associated Limited has reported a record group after tax profit of $120.1 million for the 52-week period ended August 3, which is up 17.3 per cent on the previous 53-week period of $102.4 million.

For the first time the result included full-year contributions from Action’s east coast supermarket network and the Woolworths New Zealand store network that was acquired in June 2002.

The result was after charging higher goodwill amortisation of $42.4 million, attributable mainly to the full-year ownership of those businesses.

The FAL board has declared a fully franked final dividend of 46.5 cents a share, up 5 cents on the previous final dividend.

The group’s sales for the current year were up 38.2 per cent on the previous to $6.38 million.

Add your comment

BNIQ sponsored byECU School of Business and Law


6th-Australian Institute of Management WA20,000
7th-Murdoch University16,584
8th-South Regional TAFE10,549
9th-Central Regional TAFE10,000
10th-The University of Notre Dame Australia6,708
47 tertiary education & training providers ranked by total number of students in WA

Number of Employees

BNiQ Disclaimer