NEW Guinea Island Produce (NGIP) Agmark will soon pay an interim dividend of 3 toea per share, up 20% from the interim dividend paid in March 2008.
Chairman Don Manoa said the dividend was based on the good performance of the company during the first nine months last year and in anticipation of continued positive results for the final quarter.
“Of particular significance is the capacity of our managers and agricultural workforce to control cocoa pod borer, and their willingness to roll out these effective to management practices to neighbouring farmers, and to all the growers who supply us with cocoa across NGI and Momase.”
The Rabaul-based NGIP, which is listed on the Port Moresby Stock Exchange (POMSoX), will continue to expand its hardware and machinery sales network nationwide.
NGIP is a diversified agribusiness, hardware and machinery company with almost 5,000 shareholders and an equity of K100 million.