Huntleys' Stock of the Week
Marketplace
Clover Corporation Provides Chairman's Address to Shareholders
Tuesday November 24, 2009, 10:47 am

Original Announcement: Chairman`s Address to Shareholders

Clover Corporation provided its Chairman's address to shareholders, reporting on revenue of $22.9m, which was broadly in line with last year's revenue number, the company recorded a profit after tax of $3.1m compared to $4.4m for 2007-2008. The after tax profit comparison, as reported, is distorted, in that last year's result included the recognition of a deferred tax asset amounting to $1.3m. The company recorded a before tax profit result of $4.5m, a 46.9% increase over the previous year. The balance sheet remains strong with no debt and cash and cash equivalents of $9.2m at 30 June 2009. The Company expects cashflow from operations to again be positive in 2010.

More information about CLV.AX
  •   

    • Copyright © 2010 Yahoo! Pty Limited. All rights reserved.
    Advertise with Us - Privacy Policy - Terms of Service - Help