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AUSTRALIA'S PENFOLD PRINTING SINKS INTO THE RED.
SYDNEY, Sept 3 Asia Pulse - Australia's Penfold Printing Ltd (ASX: PPR) has posted a $A292,000 ($US153,562.8) full year net loss and is scrapping its final dividend payment.
The company said a market slump in the second half wiped out its first half profit result.
In the 12-month period prior, Penfold recorded a $1.812 million net profit and paid a 4.5 cent per share fully franked dividend.
"The industry remains patchy but slightly improved in recent months. Directors are cautious about trading conditions in this environment as it is still relatively weak," the company said.
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Source: HighBeam Research, AUSTRALIA'S PENFOLD PRINTING SINKS INTO THE RED.