This article is from the Australian Property Journal archive
OVER Fifty Group Limited has reaffirmed that its full year after tax profit FY10 will be no less than $6.3 million.
OFG also upgraded its existing guidance for the payment of a final dividend from 4.0 cents to 5.0 cents.
OFG declares an interim dividend of 2.5 cents in part payment of the 5.0 cents total dividend. The 2.5 cent dividend will be franked to 30%.
OFG said its property division has returned to profitability in the first half and it regards the prospects for property funds management very favourably.
OFG’s property subsidiary, Century Funds Management, is finalising a new direct property investment concept which will allow investors to select differing levels of return and tax effectiveness depending on their personal requirements.
Australian Property Journal
