GUD Holdings Limited (ASX:GUD)
has increased its annual profit and flagged growth ahead.
The appliance manufacturer boosted its net profit by 88 per cent to $33.2 million in the 2015 financial year.
Managing Director Jonathan Ling says GUD is extremely pleased with the progress made in FY15 and expects a further substantial uplift in financial performance in FY16.
Mr Ling has advised this will come from a continuation of the sales momentum from the second half of FY15 and from the Brown & Watson International acquisition.
A fully franked final dividend of 22 cents has been declared, taking the full year payout to 42 cents.