Auto leather sales drive record profits at Australia`s Schaffer
28/08/2003
Increased sales by its automotive leather division, Howe, enabled Australian diversified industrials group Schaffer to post a record 31% rise in full year 2002/03 profits yesterday, to $A17 million ($11m). Shares in the group leapt 5% as the company also took the opportunity to announce a special dividend.
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