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Where Our Profits Go

Excess cash at the end of the year is allocated based on our Cash Management Policy.

  • The required cash to pay all outstanding current payables along with an allowance of working capital is retained in the operating account.
  • Dividends to shareholders (target of 20% of cash flow).
  • Excess cash goes to a capital replacement or business development pool based on board approval. Capital must be at least 50% of the excess cash.