Methven first-half profit based on old balance date rises 20%, will pay 3 cent special dividend

Sun, 08 Nov 2015

By Jonathan Underhill Nov. 9 (BusinessDesk) - Methven, the NZX-listed tap and shower manufacturer and exporter, said first-half profit rose about 20 percent, based on its old balance date, and it will pay a fully-imputed special dividend of 3 cents a share. The company has changed its balance date to June 30 from March 31 and wasn't expected to post first-half results until February next year. However, chief executive David Banfield said the company wanted to update the market "on our first six months' performance in this transition year...

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