The company’s annual review for 2005, presented to States Members yesterday, also reveals that even with the additional redundancy costs the company made just under £13 million profit before tax, marginally less than in the previous financial year.
Turnover rose from £81 million in 2004 to £84 million.
By way of reward for targets achieved the remuneration committee approved bonuses of £30,000 for chief executive Bob Lawrence and £24,000 for finance director Philip Ainsworth.
The States, as the sole shareholders, received total dividends of £7.1 million, plus £1.4 million paid to the Treasury as interest on preference dividends.
In addition a final ordinary dividend of £3.2 million is to be paid during 2006.
