Mad Butcher flags 7 cents dividends in 2014, none for this year

Thu, 28 Mar 2013

March 28 (BusinessDesk) - The Mad Butcher franchise business expects to pay a dividend of 7 cents per share in 2014, though nothing will be available in the current financial year. The company, which is joining the stock exchange via a reverse listing through Veritas Investments, expects to pay between 60 percent and 70 percent of net profit, starting from 2014, according to its offer document. The meat franchisor is forecasting net profit of $729,000 on $32.3 million in sales in the year ending June 30, rising to profit of $4.2 million on...

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