Petaluma Ltd recently announced a 29.9% increase in after tax profit to $5.932 million in 1998-98, a profit which the company says benefited from lower interest charges resulting from a change in accounting standards applying to the treatment of working capital employed in inventory. Revenue growth of 9.3% to $35.8 million assisted a 22.6% increase in EBIT to $10.3 million. Petaluma’s dividend increased by 33% to 12c/share. It’s presently around $5.20 a share.



