Rapidly growing PNG financial services company, Kina Securities Limited board has declared an interim dividend of A$4.09 cents (K9.26) per share, which follows the dividend of A3.4 cents per share paid for the full year to December 2015.
Chief Executive Syd Yates said: “The results are for the first full six months period for the merged Kina/Maybank business, and the first since the highly successful public float of the Company in July 2015.”
Kina continues to make solid progress in the development and consolidation of its business following the Maybank merger completed last year.
The medium term outlook for the PNG Economy remains positive in the 2016 Mid Year Economic & Fiscal Outlook.
While GDP growth has been revised down to 2.2 percent, the market segments that are the focus of the Kina Securities business have so far remained reasonably resilient.
"Our staff have worked tirelessly to continue to deliver the best possible products and services for our customers, and I look forward to reporting further encouraging profit results for the full year," Yates said.