Directors get 59pc rise

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

DIRECTORS at Siu-Fung Ceramics Holdings have paid themselves a 59.45 per cent rise in emoluments to $19.13 million.

The firm's attributable profit for the year to March rose in figures rescued by an exceptional, by 62 per cent to $412.24 million.

A $190.5 million exceptional was reported on the dilution of the group's effective interest in a subsidiary.

Operating profit before the exceptional fell 15.4 per cent to $253.8 million.

Directors' basic salaries, allowances and other benefits were up from $9.36 million to $13.74 million.

Performance bonuses almost doubled, from $2.63 million to $4.32 million.

There was a $1 million payment for directors' pensions in 1995, against no such payment in 1994.

One director received up to $8 million and another got up to $4.5 million.

Eight directors got a slice of the total aggregate emolument payments.


Send to a friend

To forward this article using your default email client (e.g. Outlook), click here.

Directors get 59pc rise

Enter multiple addresses separated by commas(,)

This question is for testing whether or not you are a human visitor and to prevent automated spam submissions.
Enter the characters shown in the image.