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(From New Zealand Press Association)
Wellington, Feb 17 NZPA - Debt collector Baycorp Advantage today issued a December half net profit of $A19.5 ($NZ21.63) million and issued its first dividend in two years.
The net profit comes after a December half loss of $A149.8m in 2003.
Baycorp's adjusted net profit (before significant items, write-downs, and amortisation of goodwill) was $A16.8m, which was 19 percent up on the previous same period.
It would pay an interim dividend of A6c a share, fully imputed for New Zealand shareholders and fully franked for those in Australia.
The dividend would be paid on March 23, and Baycorp said in a …