Dickson boosts pay for board

PUBLISHED : Wednesday, 23 August, 1995, 12:00am
UPDATED : Wednesday, 23 August, 1995, 12:00am

DICKSON Concepts directors have raised their emoluments by 30.46 per cent to $16.11 million despite a fall in attributable profit for the year to March 31.


Profit dropped 9.3 per cent to $332.18 million.


The results were affected by an exceptional loss of $17.5 million in provisioning for loss on China trade division restructuring.


Operating profit, before the exceptional, was up 10 per cent to $422.42 million.


Earnings per share before the exceptional rose 15.26 per cent against a fall of 8.8 per cent after the exceptional.


The top director salary recorded was up, to $4 million. Basic salaries and allowances were up 42.8 per cent, to $14.63 million.


Discretionary bonuses fell to $1.4 million from $2.05 million.


The two highest paid individuals who were not directors saw their remuneration rise from $5.55 million to $6.3 million.