EBIT up 161%
Posted on March 1st, 2007 in ZagZ life
There haven’t been many posts over the last ten months as I’ve taken a new job.
I have taken a role as Divisional Manager of Garden Sheds and Storage Solutions at Oldfields Holdings Limited (ASX:OLH). I report to the Managing Director (CEO) and this position is equivalent to Executive Vice President in American companies.
In my first complete half-year under my management the division’s sales are up 27.5% and the division’s EBIT is up 161.3%. This is not investment advice or an invitation to invest go do your own research if you are interested. These numbers should change in the full-year results as my division will be paying for identifiable head office direct expenses that we currently do not get charged for, e.g. accounting fees for our use of corporate accountants — every business pays accounting fees and it’s fair that my division should do the same.
