Ann: Market Update , page-6

Further to yesterday's posting on this one, I see the debt at December 30 had come right down to $14.2m. Six months earlier it had been $21.8m. The latest update shows that the second half profit after tax is likely to be more than $4m. Combine that with the fact that working capital will have continued to fall in the second half of the year following the sale of the formworks division and the company won't have much debt at all. No wonder they are in a position to consider a dividend so early in the recovery period.

GPASAS