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Treasurer’s Report
TREASURER’S REPORT Operating results
Net profit after tax ($)
Strong footings growth this year contributed to a 4.7% increase in revenue and an improvement of 34.5% in our overall Community Returns. Expenses increased at a rate of 2.5%. Overall pre-tax profits increased by 22.5% from 2015. The Board continues to monitor the potential future effects of Bendigo Bank’s “Project Horizon” review, and the capacity to increase contributions to the local community and shareholders.
Dividends
In October 2015, the Company paid a dividend of 5 cents per share (fully franked) based on the performance of the 2015 financial year. The Directors have determined that a dividend of 6 cents per share (fully franked) will be paid for the 2016 year, which is expected to be paid in October 2016. Notwithstanding the consistent payment of dividends made by the company over an extended period of time, the shares in the Company have had little change in value on the NSX.
Community investments, dividend and salaries ($)