Port Bouvard pays ups
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Tuesday, 18 November, 2003 - 21:00
BUOYED by strong land sales, Port Bouvard Limited has announced an early return to its shareholders by declaring an interim dividend of 7 cents a share fully franked for the first half.
Port Bouvard chairman Michael Perrott said the company wanted to return profits to shareholders as soon as cash flow allowed it.
"We are ahead of budget for the new financial year and this has given the directors the confidence to make an earlier return to shareholders," he said.
Port Bouvard wrote a record number of conditional and unconditional sales contracts, worth more than $100 million in the 2002-03 financial year.
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