This article is from the Australian Property Journal archive
OVER Fifty Group has had a change of fortune and reinstated dividends for shareholders.
OFG yesterday forecast a dividend of at least 4 cents per share for FY10.
The positive news is a result of OFG return to profit and solid performance for the half year to December 31 2009 with a net profit after tax of $3.2 million.
OFG expects a full year NPAT of $6.3 million.
The directors said the return of profitability, the reinstatement of dividends and the strengthening of OFG’s balance sheet are important milestones in the restructuring of the group.
Australian Property Journal
