seems like they are improving with a good diviMAXITRANS...

seems like they are improving with a good divi

MAXITRANS INDUSTRIES LIMITED 2002-08-26 ASX-SIGNAL-G

HOMEX - Melbourne

+++++++++++++++++++++++++
MaxiTRANS Industries Limited, Australia's largest supplier of road
transport trailing equipment and solutions, earned a pre-tax profit
of $3,409,000 for the year ended 30 June 2002, following on from its
improved result of $2,100,000 for the prior year.

The result, which is a 62% improvement on the prior year, included a
$620,000 pre-tax profit on sale of the Coonara heater business, which
was divested during the year.

As a result of the improved performance and the directors confidence
in the improving operating performance and market conditions, the
Company will pay a final dividend of one cent per ordinary share on
18 October 2002, bringing the total dividends paid for the year to
1.5 cents per share, a 50% increase on the prior year. A dividend of
1.8 cents per converting preference share will be paid on 30
September 2002.

HIGHLIGHTS

* Net profit after tax of $2,587,000 was a 61% increase on the prior
year

* Despite operational difficulties and a subdued van market in the
first quarter, the Company rebounded strongly in the last three
quarters, assisted by strong demand in all market segments

* Following the acquisition of Trail Truck Parts in May 2002, and the
integration with the existing MaxiTRANS retail parts outlet, the
Company is actively pursuing a strategy to rapidly expand the retail
and wholesale parts group, which is counter-cyclical to the
trailer/van segment, through improved sourcing, availability,
customer service and product range

* The new facility to accommodate equipment sales, retail parts,
service/ repairs and corporate office at Boundary Road, Derrimut,
Melbourne's transport hub, will be operational from October 2002

* While a significant amount of the upgrade of the Ballarat
manufacturing facility has been completed and commissioned the
benefits will be realized during the year ending June 2003

* The Chinese panel making joint venture continues to increase sales
and earnings rapidly with a 65% increase in contribution to earnings
over the prior year

* The directors are encouraged by the order intake and strong start
to the current year

For more information please contact the Managing Director, Mr Michael
Brockhoff, on 03 9215 4350.

Alternately you maywish to visit our website at www.maxitrans.com.au