Hills Limited (ASX:HIL) is on track to achieve a trading profit in the second half of the current financial year, with the Company’s dividend policy to be reviewed after its financial year 2018 (“FY18”) results are finalised.
“Importantly, we are making progress and Hills is heading in the right direction,” Hills Chairman, Ms Jennifer Hill-Ling, told shareholders at today’s annual meeting in Adelaide.
“Although we are not anticipating a return to profit in the current December half, we are expecting a trading profit in the second half of FY18 as our strategic initiatives and the benefits of cost reductions are realised,” Ms Hill-Ling said.
“We will then be in a position to review our ability to pay a franked dividend after the FY18 results have been finalised,” she said.
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