Sydney - Friday - June 20: (RWE Australian Business News) - Adtrans Group Ltd (ASX:ADG) expects to recommend a fully franked final dividend of 15.5c a share for the year ending June 30, compared with the previous year's fully franked 14.5c final dividend. The proposed 15.5c final dividend will take the Adtrans annual dividend from last year's 23.5c to a record fully franked 25c a share. The proposed dividend increase follows unaudited results confirming that Adtrans profit will improve around 20pc this year. Pre-tax profit is expected to be in the order of $15m, compared with $12.7m in 2006/07. This forecast 20pc profit improvement does not include the expected receipt by Adtrans of $2.5m before income tax as a refund of over-paid GST, outlined by the company on May 8. Such refund from the Australian Taxation Office will be assessable income in the current 2007/08 year and would be included in the Adtrans final results to be reported in August.
ADG Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
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