Profit falls 72pc for goods maker

PUBLISHED : Thursday, 23 April, 1998, 12:00am
UPDATED : Thursday, 23 April, 1998, 12:00am

Household goods maker Frankie Dominion International said attributable profit tumbled 72 per cent to $3.77 million last year from 1996. Operating profit fell nearly 13 per cent to $22.93 million as turnover fell to $980.79 million from $1 billion. No final dividend was recommended compared with a 3 cent scrip and cash final dividend in 1996. Share of losses at associated firms stood at $1.38 million against a profit of $253,000 in 1996.