Updated: 23-08-2024 - 12:00PM 4 5 CLOSED
Mar 17, 2006
In the preliminary release of the audited financial statements of Guardian Holdings Limited (GHL) for the year ended December 31st 2005, the company delivered a disappointing EPS of $1.85, down 38% from the previous year ($2.98). In spite of the lower earnings reported, the Directors have declared a final dividend of $0.40 payable to shareholders on record as at April 6th, 2006. This brings the total dividends for the 2005 financial year to $0.55 per share, which represents an increase of 10% over the dividends for 2004 ($0.50). The main difference in the performance of the company over the last two years is the performance of the local equities market which in 2004 contributed significantly in the form of mark-to-market gains, however in 2005 there was a significant contraction of share prices which translated into a diminished contribution of the Group’s equity portfolio.