2016
Chairmn's Report
From hive to home, naturally 100% pure Australian honey no added preservatives, artificial flavours or colours. Capilano continues to grow. We began the financial year with a little apprehension about the forecast El NiĂąo event and its possible effect on honey production in Australia. While not all production areas escaped the consequences, most producers were able to harvest a worthwhile crop and this has allowed Capilano an improved ability to meet its sales requirements. Results The net profit before tax of $13,443k for this year is a very good result, giving a substantial 21% improvement over the previous year. With a tax expense of $3,959k paid this financial year leaving a net profit after tax of $9,483k, a 20.9% improvement over last years $7,845k. Based on these results for the year a fully franked dividend of 40 cents per share was declared in May and paid to shareholders on 29 July 2016.
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