13-May-2015 Dividend Announcements - DIAL, PAP & ALUM

Market R wrote:EPS 0.24 profits went up
big increese in income tax & financial cost when compiring with previous year same quarter.

yaka wrote:

Market R wrote:EPS 0.24 profits went up
big increese in income tax & financial cost when compiring with previous year same quarter.

also I have a question. they say the in the press release they have not paid the newly adopted taxes as at 31 march due it's not enacted. what does that mean?? is there a chance that they would not have to pay those amount if the government change?

slstock wrote:The Super Tax is still not official, it was proposed.

So once it becomes officially approved they are liable to pay. But if something happens in the middle  ( like in alcohol manufacture case), it can be reversed.

So in summary as of now, none of the companies have  incorporated into MArch financials the super tax.  If it happens then starting June they will have to start paying .

This super tax is a mess.

yaka wrote:

Market R wrote:EPS 0.24 profits went up
big increese in income tax & financial cost when compiring with previous year same quarter.

also I have a question. they say the in the press release they have not paid the newly adopted taxes as at 31 march due it's not enacted. what does that mean?? is there a chance that they would not have to pay those amount if the government change?

Backstage wrote:

slstock wrote:The Super Tax is still not official, it was proposed.

So once it becomes officially approved they are liable to pay. But if something happens in the middle  ( like in alcohol manufacture case), it can be reversed.

So in summary as of now, none of the companies have  incorporated into MArch financials the super tax.  If it happens then starting June they will have to start paying .

This super tax is a mess.

yaka wrote:

Market R wrote:EPS 0.24 profits went up
big increese in income tax & financial cost when compiring with previous year same quarter.

also I have a question. they say the in the press release they have not paid the newly adopted taxes as at 31 march due it's not enacted. what does that mean?? is there a chance that they would not have to pay those amount if the government change?

They can tie this up in court for some time, they could also negotiate paying this in tranches.

yaka wrote:ok SLS understood what u said, but it's said treasury is empty...... so y the government not enact this??? is this just only a "gonibilla"??? does it usually take this long?? or is government afraid of any retroactive outcome?