prudential investments profit upgrade

  1. 1,430 Posts.
    PRUDENTIAL INVESTMENT COMPANY OF AUSTRAL 2002-11-27 ASX-SIGNAL-G

    HOMEX - Sydney

    +++++++++++++++++++++++++
    The Chairman of PIA, Mr Don Taig, at the company's Annual General
    Meeting in Sydney today announced a profit upgrade for the first half
    of the financial year to 31 December 2002.

    Mr Taig stated:

    "We estimate the half year Earnings before Tax figure will be 50%
    higher than at 31 December 2001, on the assumption that there are no
    matters we are currently aware of which may negatively affect that
    expectation.

    This increase is a consequence of continued revenue growth and the
    full benefit of the favourable renegotiation of PIA's data link
    network and fixed Telco costs commencing in July 2002."

    Mr Taig also advised that should that result be achieved, an interim
    fully franked dividend of half of one cent could be payable.


    G Haywood
    COMPANY SECRETARY



 
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