RB Patel Group declares $3million interim dividend

February 28, 2024 2:54 pm

RB Patel centre point [File Photo]

RB Patel Group Limited has declared an interim dividend of two percent per share, totalling $3 million to be paid next month.

The company also released its half-year financial reports until December 2023.

Outgoing Board Chair Yogesh Karan says, with an 11 percent improvement over last year’s results, the company’s performance is favorable.

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He says the turnover for the current period is $90 million as compared to $84 million in the previous year.

Karan says the operating profit for the six months was $7.6 million, an increase of over 11 percent compared to the same period last year.

He adds that the cash generated from operations this year was just over $10 million compared to $8 million last year, an increase of 25 percent.