Trellidor's mixed financial results: A dividend and further growth strategy

TRELLIDOR Holdings has declared a 12 cents a share dividend at the end of the first phase of its strategy to restore shareholder value.

- EDWARD WEST

Directors of the custom-made security barrier manufacturing group said at the release of financial results on Thursday that the dividend for the year to June 30, which compared with zero dividend last year, was paid out because of successful cash generation and debt reduction over the past 24 months.

They said restoration of shareholder value remains their foremost focus - the first phase had been successfully completed, being the significant reduction in debt and stabilising the balance sheet.

This coupled with the disposal during the year of the Tylor shutters and blinds business and NMC interior decorative products business for R51.9 million, meant the group was now well positioned to focus on implementing plans to recoup and grow Trellidor's share in the domestic, African and UK market, they said.