Tonic Industries profits reach record on bigger market share
Audio electronics manufacturer Tonic Industries has announced a 75.78 per cent rise in full-year attributable profit for the 12 months ending March 31, a record for the company. Turnover was up 76.47 per cent to $1.52 billion and earnings per share jumped to 16.7 cents from 10.9 cents. Tonic attributed the rise to expanded market share and increased demand from its American and European markets. A final dividend of three cents was recommended compared with zero last year.