Post by Kiwi Frontline on Dec 14, 2019 3:44:50 GMT 12
IWI TO RECEIVE LARGEST EVER CASH DIVIDEND FROM MOANA NEW ZEALAND
The largest Iwi-owned kaimoana and kai ora company, Moana New Zealand, has today reported a net profit after tax of $22.8 million for the year ended 30 September 2019. Finishing the year at 109% of plan, this is 7% up on last year’s profit of $21.4 million.
Moana New Zealand has also declared their largest cash dividend yet of $11.3 million, in accordance with the Company’s dividend policy and as set out in the Maori Fisheries Act. Its 58 Iwi shareholders will receive their respective share of the dividend today. This brings the total dividends to its shareholders since Moana New Zealand’s inception in 2004, to $106.4 million.
Moana New Zealand continues to work with Iwi and industry groups to foster stronger partnerships and to ensure our fisheries are being managed with a long-term, sustainable view in mind.......
www.voxy.co.nz/business/5/354749
The largest Iwi-owned kaimoana and kai ora company, Moana New Zealand, has today reported a net profit after tax of $22.8 million for the year ended 30 September 2019. Finishing the year at 109% of plan, this is 7% up on last year’s profit of $21.4 million.
Moana New Zealand has also declared their largest cash dividend yet of $11.3 million, in accordance with the Company’s dividend policy and as set out in the Maori Fisheries Act. Its 58 Iwi shareholders will receive their respective share of the dividend today. This brings the total dividends to its shareholders since Moana New Zealand’s inception in 2004, to $106.4 million.
Moana New Zealand continues to work with Iwi and industry groups to foster stronger partnerships and to ensure our fisheries are being managed with a long-term, sustainable view in mind.......
www.voxy.co.nz/business/5/354749