Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Rangatira Ltd - Final Dividend Announcement





Rangatira’s after tax surplus for the year ended 31 March 2006 was $8.8 million (last year $5.6 million), including non-recurring gains of $2.3 million (last year $1.3 million). Operating earnings after tax were $6.5 million, an increase of 50% from $4.3 million last year.

Asset backing as at balance date, based on the market value of listed equities and the mid-point of Directors’ valuation of unlisted investments, has increased to $7.24 per share from $6.27 last year.

Rangatira’s Chairman, Murray Gough, said Rangatira’s listed equity portfolio had provided a strong dividend flow. Its unlisted portfolio also produced significantly improved earnings. The high New Zealand dollar had been difficult for some of these businesses, but they generally handled the challenge well and maintained investment in capacity and technology. Provided the currency remains at or below recent levels, the outlook for the coming year is positive.

Directors have declared a final fully imputed dividend of 18c making the total dividend for the year 34c fully imputed (last year 31c). The dividend will be paid on 26 June 2006 and the share register will close for dividend purposes on 17 June 2006.


© Scoop Media

Business Headlines | Sci-Tech Headlines


ScoopPro: Helping The Education Sector Get More Out Of Scoop

The ScoopPro professional license includes a suite of useful information tools for professional users of Scoop including some specifically for those in the education sector to make your Scoop experience better. More>>

Big Tax Bill Due: Destiny Church Charities Deregistered

The independent Charities Registration Board has decided to remove Destiny International Trust and Te Hahi o Nga Matamua Holdings Limited from the Charities Register on 20 December 2017 because of the charities’ persistent failure to meet their annual return obligations. More>>

57 Million Users' Data: Uber Breach "Utterly Preventatable"

Cybersecurity leader Centrify says the Uber data breach of 57 million customer and driver records - which the ride-hailing company hid for more than a year - was “utterly preventable”. More>>

Scoop 3.0: How You Can Help Scoop’s Evolution

We have big plans for 2018 as we look to expand our public interest journalism coverage, upgrade our publishing infrastructure and offer even more valuable business tools to commercial users of Scoop. More>>

Having A Cow? Dairy Product Prices Slide For Fourth Straight Auction

Dairy product prices fell at the Global Dairy Trade auction, retreating for the fourth straight auction amid signs of increased production... Whole milk powder fell 2.7 percent to US$2,778 a tonne. More>>


Statistics: Butter At Record $5.67/Block; High Vegetable Prices

Rising dairy prices have pushed food prices up 2.7 percent in the year to October 2017, Stats NZ said today. This followed a 3.0 percent increase in the year to September 2017. More>>


Science: New Research Finds Herbicides Cause Antibiotic Resistance

New University of Canterbury research confirms that the active ingredients of the commonly used herbicides, RoundUp, Kamba and 2,4-D (glyphosate, dicamba and 2,4-D, respectively), each alone cause antibiotic resistance at concentrations well below label application rates. More>>


  • Bill Bennett on Tech