GAP 3.85% 13.5¢ gale pacific limited

It is because they do not have any franking credits to use....

  1. 42 Posts.
    It is because they do not have any franking credits to use. Franking credits are earned when the company pays tax on their profits (but only profits generated within Australia). GAP generates almost all of its net profit from outside of Australia and therefore does not earn many franking credits (see page 45 of the 2015 Annual Report)
 
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