Gaia six months revenue jumps to ZAR53.7 million

Union Diagnostics

Gaia said its revenue for the year jumped to ZAR53.7 million compared to ZAR10.8 million.The company’s operating profit before finance costs shot up to ZAR44.9 million in contrast to ZAR5.6 million.

Gaia’s net ssets attributable to ordinary shareholders multiplied to ZAR36.2 million compared to ZAR4.1 million.

In addition, headline earnings per share rose to 65.59 cents per share (21.54 cents per share).

The company’s dividend policy is to pay consistent, stable inflationary linked returns. At its discretion, the board may consider a special dividend, where appropriate. Depending on the perceived need to retain funds for expansion or operating purposes, the board may pass on the payment of dividends.

The board of directors has declared and approved a maiden dividend of 63.5 cents per share, from income reserves, for the year ended 28 February 2017. This equates to a dividend cover ratio of 1.03 times earnings per share (6% of tangible net asset value). The Board’s goal is to deliver consistent and stable inflation-linked dividend returns, growing in line with inflation.


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