LONDON (Thomson Financial) - John Swan & Sons PLC said it swung to a pretax
profit of 112,348 stg for the year to April 30, 2007, from a loss of 125,806 stg
a year earlier.
The livestock operator said it is declaring a final dividend of 15 pence,
taking the total dividend for the year to 30 pence.
Chairman Alastair Ritchie said the company has applied to the Scottish
Borders Council for permission to create a rural centre with a livestock market
and other ancillary businesses, which will provide additional income.
He said the company is exploring different options for funding this
development.
The company also said it incurred a bad debt during the year but thanks to
insurance cover of 90 pct, it has returned a trading profit of 202,000 stg
compared to 73,000 stg a year earlier.
TFN.newsdesk@thomson.com
rsh/tsm/ajb
COPYRIGHT
Copyright AFX News Limited 2007. All rights reserved.
The copying, republication or redistribution of AFX News Content, including by
framing or similar means, is expressly prohibited without the prior written
consent of AFX News.
|