2004 Annual Report

50TH ANNIVERSARY. 50 years in business since incorporation in December 1953. RECORD PROFIT. 32% increase in after tax profit to $28 million. 34% increase in return on shareholders’ funds. INCREASED SHAREHOLDER RETURNS. Earnings per share increased by 32% to 32.3 cents. Dividends per share increased by 61% to 37 cents, inclusive of 10 cents special dividend. HURRICANE INTEGRATION. Successful integration benefits group profitability. SAFETY PERFORMANCE. World-class safety record maintained.

File: