Colorpak‘s strong earnings growth was foreshadowed in the company’s December 2007 earnings outlook advice to the market.

Directors have declared a fully franked final dividend of 1.75 cents per share plus a special dividend of 1 cent per share, fully franked. This special dividend is in recognition of the company’s strong financial performance for the year and draws upon accumulated franking credits.

An interim fully franked dividend of 1.25 cents was paid bringing the total dividends for the year to 4 cents per share, fully franked.

The company also announced the introduction of a Dividend Reinvestment Program (DRP – in a PDF download).

Colorpak has produced excellent results in a tight, volatile market. Its specialised, high-quality packaging operations have continued to perform strongly says Managing Director, Alex Commins.

“This is the second successive annual double-digit increase in NPAT which is exceptionally pleasing,” Commins said.

“Sales of $77.8 million for the year followed a strong growth trend over the past four years. We are the leader in specialised, high value packaging to targeted market sectors including pharmaceutical, cosmetics, confectionery, wine and technology/multimedia companies.

“This year we built on the solid base established in the previous year. We reaped the benefits of consolidating our Sydney operations at our new Regent’s Park facility. Meanwhile our operations at Braeside in Melbourne continued to perform very well,” he said.

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