Vector has reported net profit after tax of NZ$90.7 million for the six months ended December 31, 2007, down 18%, compared to NZ$110.6 million for the same period in 2006.
Vector has reported EBITDA of NZ$332.1 million for the first six months of 2007. The board has declared a fully imputed interim dividend of 6.5 cents per share. The interim dividend would be paid on April 10, 2008 to shareholders registered on March 31, 2008.
Michael Stiassny, chairman of Vector, said: We have achieved a pleasing result and Vector is in good heart. The board is satisfied with the progress made over this period against the company’s strategic focus areas which we identified six months ago.
We continue to have a solid underlying operating business, EBITDA is up taking into account one-off expenses of NZ$6 million, and our debt has been static in cash terms over the last six months.