Skyline Enterprises says distributable profit rose 25%

Thu, 12 Jul 2012

July 12 (BusinessDesk) - Skyline Enterprises, the Queenstown-based tourism company whose shares trade on the Unlisted platform, said its so-called distributable profit rose 25 percent, allowing it to lift its dividend. Distributable profit rose to $20.9 million in the 12 months ended March 31, from $16.7 million a year earlier, the company said in a statement to Unlisted. It gave few other financial details and said the results were subject to audit. Shares of Skyline last traded at $6.30, valuing the company at $213 million. The stock has g...

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