The Yatu Lau Company Limited after reaching a pretax, net profit of $1.9 million for the year ended 31 December, 2010 which was announced earlier this week, said they are taking steps in order to list its ordinary class B shares on the South Pacific Stock Exchange.
Chief Executive Officer of Yatu Lau Company, Michael Makasiale said the company is already a public company however they have not been listed in the Stock Exchange at this stage.
At the annual general meeting, it was revealed that the Company's total asset picture grew by 29 percent to $36 million from $27.9 million at the end of 2008.
Shareholders equity also grew to $18.3 million from $16.8 million in 2008.
Makasiale added this is the 17th successive year that the company has declared an annual dividend of 8 to 10 cents.
Story by: Tokasa Rainima
Yatu Lau to list shares on South Pacific Stock Exchange
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