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Kingfish profit less than reported

An NZPA story on Friday included some incorrect figures for the performance of investment company Kingfish Ltd.The correct result was a net operating profit of $6000 for the six months to the end of September, compared to $21.5 million a year earlier.Tota

NZPA
Mon, 22 Nov 2010

An NZPA story on Friday included some incorrect figures for the performance of investment company Kingfish Ltd.

The correct result was a net operating profit of $6000 for the six months to the end of September, compared to $21.5 million a year earlier.

Total net income from ordinary activities was $1.2m in the latest half year, including a $108,000 fall in fair value on investments. That compares with net income of $22.3m in the six months to September 2009, which included a $21.1m gain in fair value on investments.

Shareholders will receive a partially imputed quarterly dividend of 2.11cps as part of the company's long term distribution policy.

NZPA
Mon, 22 Nov 2010
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Kingfish profit less than reported
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