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.
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