THE GLEANER Company Group has reported an increase in after tax profit of $18 million for the nine months to September 2002, moving to $116 million from $98 million during the corresponding period last year.
Group revenues increased by approximately $211.6 million to $1.7 billion, according to the unaudited consolidated nine months financial report released on Monday.
Profit before taxation but after exceptional items for the period increased by $38 million to $165 million from $127 million during the same period last year.
Shareholders, who were granted a total ordinary dividend of seven cents per share in two tranches in March and September, are expected to get a bonus share at the end of the year. The report said an extraordinary general meeting will be held on December 12 to consider a resolution authorising the directors to issue one bonus share for every five stock units held by stockholders at the close of business on December 30.
The Gleaner's directors said there were no significant changes to the Group's operations during the year.
The Group comprises the company's nine wholly-owned subsidiaries - Associated Enterprise, Popular Printers, Sangster's Book Stores, The Book Shop, The Gleaner Online, Selecto Publications, and overseas subsidiaries The Gleaner Company (NA) Limited, The Gleaner Company (NA) Incorporated, The Gleaner Company (UK) Limited and Independent Radio Company, a 55.52 per cent subsidiary.
