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Long Botham Boats Issues Letter To Shareholders
"The Board of Directors are pleased to announce a dividend of .40 cents per share to shareholders of record as at 9th May, 2002. Accordingly, please find enclosed your dividend cheque or, where appropriate, herby advise that your account has been credited with same.
The Company survived the winter season in reasonably good shape. This was achieved by the reduction in expenditure and strict control of costs, which helped offset the decline in revenue post September.
Whilst tourism numbers show encouraging signs, we remain concerned at the level of spending, but we are optimistic this will improve as the summer season progresses.
In any event, we consider it both reasonable and appropriate to reward our shareholders as we near our current financial year end."
Signed,
W. Paul King,
President and Chief Executive Officer.