Watpac has entered into a contract to sell its 8 Australia Avenue retail and commercial development at Sydney Olympic Park to Centuria Capital, bringing its total property sales for the 2010/2011 financial year to $100 million.

Greg Kempton, Watpac Managing Director, said the Company had delivered on its target of reaching $100 million of property asset sales notwithstanding challenging market conditions.

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Watpac Limited’s (ASX: WTP) contracting divisions have secured approximately $200 million worth of work since the company successfully completed a capital-raising in early September. The Civil & Mining division has won a number of projects across Australia in recent months, including the $4.5 million Bendigo Chinese Precinct redevelopment, the $11.6 million Australian Gardens Cranbourne, and the $40.4 million Douglas Mineral Sands Mining projects in Victoria.

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All office space at Watpac Property’s 8 Australia Avenue development at Sydney Olympic Park has successfully been leased, defying what has been described as one of the most difficult office leasing markets in Sydney in recent times.

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Watpac Property today officially opened their Coolum Beach Retail precinct at a ceremony attended by local business and community leaders. The project gives the Coolum Beach community a quality new retail precinct and a large, shaded public space.

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Watpac Property is delighted to announce its Coolum Beach Retail precinct is on track for completion in early December. Excitement is starting to build around the official opening, which will take place on Friday 11 December.

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Watpac’s Civil & Mining division has recently been awarded over $100 million worth of work across Australia. The projects, for a variety of private and government clients, vary from road works to civil landscaping and bulk earthworks.

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After actively supporting Safe Work Australia Week 2009, Watpac was delighted to receive an industry award for safety at one of their construction sites. Safe Work Australia Week is an annual initiative aimed at reiterating the importance of safety in the workplace, and was held from 25–31 October this year.

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Watpac Limited, one of Australia's leading construction, property, and civil engineering companies, is proudly supporting Safe Work Australia Week 2009. From 25-31 October the Company will be undertaking safety activities across all its construction and civil sites around Australia, supporting the message of 'work safe, home safe' and the 'zero harm' philosophy.

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Watpac Limited (ASX: WTP) today shared its confidence for the year ahead with shareholders and business partners at the Company's Annual General Meeting. Kevin Seymour, Watpac Chairman, said despite challenging overall economic conditions, the Company's resilience had shone through during the last financial year.

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Watpac has recently been awarded over $65 million of new projects across the civil infrastructure, specialty services, and construction businesses around Australia. In Queensland, the Company's Specialty Services division has commenced work on the new $10.8 million five-storey Brisbane Boys College Hall, which includes a two-storey, 700-seat multi-purpose performance and speech hall.

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The contract for the construction of a new 13-storey research facility was signed by Watpac's Managing Director Greg Kempton and QIMR's Chair Professor John Hay today. Upon completion in early 2012, the Smart State Medical Research Centre will accommodate 20 new research laboratories, increaseing QIMR's staff capacity by more than 60 per cent to around 1,200.

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Watpac's Construction division received five prizes at the Australian Institute of Building National Professional Excellence in Building Awards in Brisbane on Friday 18 September, demonstrating the Company's excellent repuatation for delivering projects of the highest quality.

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Federal Safety Comissioner Helen Marshall revisited one of Watpac's prominent construction sites this week - the Boggo Road Urban Village and Knowledge Based Research and Business Project Ecosciences Precinct at Dutton Park. Ms Marshall took a tour of the large-scale project to see Watpac's high safety standards in action.

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Australia's Federal Safety Commissioner Helen Marshall will visit Watpac headquarters in Brisbane tomorrow afternoon, following her successful visit in November 2008. The role of the Federal Safety Commissioner is to use the influence of the Australian Government as a client and provider of captial to foster improved occupational health and safety performance in the building and construction industry.

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Watpac Property has now fully leased its office building at 435 St Paul's Terrace, Fortitude Valley, with Spiritus Jobcare recently signing a three-year lease. The 803m² tenancy is perfectly postitioned for Spiritus's business, as they are located close to Centrelink, the building's major tenant.

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Watpac Property was pleased to receive Brisbane City Council approval this week for their Waterloo Junction development, Stages 2, 3, and 4. Stage 1 is currently under construction, which includes the refurbishment of the existing Waterloo Hotel, along with construction of a 1^st Choice liquor barn and 3,930m² of commercial office space.

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Watpac Limited (ASX: WTP), one of Australia's leading construction, civil, and property groups, today released its year-end results to the Australian Stock Exchange. Watpac's normalised operating result before non-recurring, asset impairment adjustments and income tax is $44.6 million (2008: $56.7 million).

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The Sunshine Coast Regional Council has approved Watpac Property's plans for Weir Minerals' new premises on a 14,000m² site at the Coolum Industrial Estate. In April, Watpac Property secured a 10-year lease with Weir Minerals Multiflo for a new premises to be constructed in Watpac's Coolum Industrial Estate.

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Watpac's Construction division has been appointed Managing Contractor for Stage 1 of the $126 million Carrara Stadium Redevelopment that will become the home ground for the 17^th AFL team, the Gold Coast Football Club. The stadium will be redeveloped to a capacity of 27,500 when it is completed in 2011 and is designed to allow for increased seating capacity in the future.

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Watpac has once again achieved recognition from industry bodies for the Company's commitment to incorporating environmentally sustainable design principles into its projects. The Zone building at Sydney Olympic Park was recently awarded a 4.5-star NABERS Energy base building rating, and also achieved a 4-Star Green Star - As Built v2 rating from the Green Building Council of Australia.

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Watpac's Construction division is continuing its strong history of laboratory projects with the commencement of the construction stage of the $135 million Queensland Institute of Medical Research new Smart State Medical Research Centre. Watpac was appointed Managing Contractor in October 2007 and commenced Phase 1 of the proejct in June 2008.

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Watpac's Queensland Construction division is celebrating the award of almost $200 million worth of projects in recent weeks. The majority of the work won was sizable projects for the Commonwealth Department of Defence in both Townsville and Brisbane.

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The Tweed Coast is set to receive a $30 million-plus world-class marina and recreational facility, following today's announcement of the Twin City Marina Consortium to create the landmark Boyds Bay Marina. The NSW Department of Lands today announced the Twin City Marina Consortium, a joint venture between Seymour Group and Watpac Property, as the preferred developer for the project.

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Watpac Limited's (ASX: WTP) Construction division has been awarded the construction of the RMIT University Design Hub, with a contract sum of $62 million. The high-profile project will be located at the strategic north-west corner of Swanston and Victoria Streets, on the site of the former Carlton United Brewery.

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Watpac Property's 11 Breakfast Creek Road development in Newstead Riverpark has been awarded Brisbane City Council approval. The 16-storey building will have a net lettable area of over 17,000m², and will feature an elevated pedestrian space at ground level that will maintain views to the Heritage-listed Gasometer from Breakfast Creek Road.

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Watpac Construction, a division of ASX-listed Watpac Limited, has recently been awarded the Genazzano FCJ College Performing Arts Centre project in Victoria, adding another high-profile educatin project to the division's portfolio. The significant project will be a state-of-the-art complex for use by both the College and the wider community.

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The Seymour Group and Watpac Property are pleased to announce the sale of six prestigious waterfront lots at Airlie Beach. The sale of the waterfront lots follows the development and sale of the luxury Peninsula apartments, located on the water's edge with views to the Whitsunday Islands over the Coral Sea, in 2006.

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Watpac Limited's Construction division has been appointed the contractor for the construction of a data centre for Woolworths Limited at Eastern Creek, New South Wales. The $50 million project involves the construction of a 14,000m² building to house three data halls and associated offices.

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ASX-listed construction and property group Watpac Limited (ASX: WTP) has been awarded the contract to construct the new Global Headquarters building for Australian hearing implant specialist Cochlear. The $80 million Global Headquarters and manufacturing facility will be based in the emerging Hearing Precinct of Sydney's Macquarie University.

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Watpac Limited's Civil Infrastructure division has won almost $50 million worth of contracts consisting of a range of projects around Australia over the past few months. Some of the projects include the $7.2 million Talinga Water Treatment Facility in Chinchilla, western Queensland, and the $6.2 million SunMetals Zinc Cake Ponds project in Townsville.

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A flagship office tower being constructed by Watpac at 275 George Street in the heart of Brisbane's CBD has reached practical completion three months ahead of schedule. The Charter Hall development comprises 40,300m² of contemporary A-grade office space over 30 levels, plust 1,430m₂ of retail space.

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The newly formed Brisbane Racing Club today released the concept master plan for one of the biggest developments in Queensland's history to be undertaken at both Doomben and Eagle Farm racecourses. Watpac, Queensland's leading construction and property development company, will manage the $1.2 billion project.

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In one of Queensland's largest commercial office leasing commitments in 2009, SPARQ Solutions Pty Ltd has secured a cornerstone lease of 3,884m² in the recently completed 25 Montpelier Road development at Newstead. The Watpac Property development is a five-level, 7,500m² building located only 3km from the Brisbane CBD.

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The OceanBlue development at Hervey Bay is off to a flying start for 2009, with four settlements achieved in January at an average price of $220,000 per lot (average lot size of 690m²). In addition, the display home on the premier estate was recently sold to an interstate buyer for $660,000, a new house and land package record for the development.

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One of Australia's leading construction and property companies, Watpac Limited (ASX: WTP), announced an after-tax profit for the half year to 31 December 2008 of $8.668 million, compared to $15.856 million in the previous corresponding period. The half-year result was foreshadowed by the Company through previous guidance and as flagged was impacted by a number of non-operating and non-cash significant items.

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Watpac's Specialty Services division has started the new year with a bang, with a number of major projects underway in the south-east corner of Queensland. The $16 million Holy Spirit Northside Hospital New Ward Block project is on track to achieve its set milestones, with the erection of a tower crane on site last week.

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Watpac Property has signed a new tenant at its St Paul's Terrace site in Fortitude Valley, following their recent re-signing of Centrelink, a major tenant. New tenant M2000 Car Hire has signed on to lease the 900m² warehouse until June 2011.

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Watpac Property General Manager Robert McDonald and Sunshine Coast Division 9 Councillor Vivien Griffin today officially launched the beginning of Watpac Property's Coolum Retail Redevelopment project. Mr McDonald and Cr Griffin joined Coolum business identities and Watpac staff at the site on David Low Way to hearald the beginning of the demolition phase of the project.

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Acting Health Minister Andrew Fraser helped to offically start work today onthe new 96-bed Nambour Hospital, being built by Watpac Construction (Qld). The project will involve the demolition of the old Block 3 Maternity Ward and Dental Health facility in order to construct a new ward block, and will include inter-building links, entrance road works, and landscaping.

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Watpac Construction (Vic) has recently secured a number of significant tenders in Victoria, proving the division is growing rapidly following Watpac's acquisition of Victorian building and civil business JA Dodd in late 2007. In 2008, the Watpac Victorian business secured a total of $170 million worth of building and civil projects, including key design and construct projects, as well as projects of much greater value and complexity than those undertaken previously by the JA Dodd business.

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Watpac Construction (Vic) has secured a $25 million contract for the design and construction of the new Ross Drew Stand for the Geelong Football Club at Skilled Stadium, marking the sixth sccessful tender for the division in only two months. In September and October alone, Watpac Construction (Vic) was also awarded five other contracts.

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Award-winning Australian company Watpac will be seeing a few changing faces over the next month as Movember gets into full swing. The annual mo-growing event raises money for research into male depression and prostate cancer, and around 20 Watpac staff are participating. In addition to sponsoring staff members, the Company will also be facilitating a number of Movember-related competitions to raise money.

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Watpac Construction (Qld) has celebrated the 'topping out' of its 275 George Street project two months ahead of schedule. The $190 million project, for the Charter Hall Group, commenced in May 2007, and is expected to be completed early next year. The 'topping out' ceremony also coincides with the project achieving a 5 Star Green Star - Office Design v2 rating by the Green Building Council of Australia.

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Safe Work Australia Week 2008 ends on Saturday, and award-winning Australian company Watpac has had a busy week supporting the event. The Company - which undertakes projects in construction, property, specialty services (refurbishments), civil engineering and mining, and civil infrastructure and landscaping - was asked by the Queensland Government to be an ambassador for workplace health and safety.

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Watpac's Skilled Park Stadium project at Robina continues to reap accolades from Government and industry bodies, having recently received two more industry awards. On Friday 18 October, Watpac Construction (Qld) received the RW Hawken Award for Most Outstanding Engineering Achievement, and the Buildings and Structures Award at the Engineers Australia (Queensland Division) Engineering Excellence Awards 2008.

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Watpac Construction (Qld), a division of the Watpac Group, had a successful evening at the Master Builders State Awards on Friday 10 October, with all of their entries winning their respective categories. The Skilled Park Stadium project won the award for Sporting Facilities over $12 million, while the Queens Plaza Retail Centre took out the Retail Facilities over $12 million category.

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Watpac Property's Addison Avenue project at Bulimba has proven there is still a demand for luxury homes in Brisbane. Located on Bulimba's sought-after riverfront, the four luxury homes Watpac is developing as part of their project have already been pre-sold. The first completed home was settled recently for around $3 million.

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Award-winning Australian company Watpac is gearing up for Safe Work Australia Week 2008, and has planned a range of projects for the event. The Company - which undertakes projects in construction, property, specialty services, civil engineering and mining, and civil infrastructure and landscaping - has also been asked by the Queensland Government to be an ambassador for workplace health and safety.

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The new Watpac Property - Industrial Kingston project has seen a flurry of interest from local buyers ager to keep their business based in the Logan area. Three of the seven lots have already been sold, while a further three prime lots are being held back by the developer to pursue design and construct leasing opportunities.

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Watpac Limited's Property division has officially concluded their investments in the child care sector, with the recent sale of the last child care centre in Wanneroo, Western Australia. The Villanova Child Care Centre, located at Mangano Place, was the last of around 12 child care centres Watpac Property owned as part of their portfolio, and was a joint venture with Peppercorn, later bought-out by ABC.

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Watpac Property's Coolum Industrial Estate has some of the most affordable and most readily-available industrial lots on the Sunshine Coast, according to new research. In the latest Sunshine Coast MarketView Report from property agents CB Richard Ellis, the Company reported that as at June 2008, industrial land values in Kawana were approaching $500 per square metre. Currently lots in Watpac's estate are selling for around $300 per square metre.

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One of New South Wales' fastest-growing construction companies, Watpac Construction (NSW) has achieved ISO 14001-2004 certification for their Environmental Management System. The independent certiication was awarded by National Certification Systems International (NCSI), following serveral rigorous audits conducted at the Company's head office, and the Birkenhead Point, 8 Central Avenue,a nd University of New South Wales project sites.

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Watpac Property has commenced its latest office development at 8 Australia Avenue, Sydney Olympic Park, demonstrating its continuing confidence in the Australian property market. Due for completion in November 2009, the project - known as 8 Australia - will feature 6,600m² of net lettable floor space over six levels, along with basement car parking.

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Construction of Watpac's Montpelier Road project in Bowen Hills is nearing completion, and already it is clear the devleopment offers unprecedented potential to prospective tenants. The two-tower, five-storey development is located only two kilometres north of Brisbane's CBD, five kilometres from the Gateway Motorway, and is within 8 kilometres of Brisbane Airport.

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Watpac's Property and Construction divisions have begun construction on the new Waterloo Junction development, a precinct set to become a vibrant hub in Fortitude Valley. Stage 1 of the project involves the complete refurbishment of the existing Waterloo Hotel, on the corner of Ann Street and Commercial Road. The hotel was built in the 1930s and features unique art-deco stylings that will be preserved and enhanced.

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In an exceptional financial performance, publicly listed construction and property company Watpac Limited (ASX: WTP) has reported a 43.91 per cent increase in after-tax profit, and will give its shareholders a 22 per cent increase in fully franked dividends this year compared to 2007. Shareholders can expect a final fully franked dividend of 13.5 cents per share as the Company's 2008 total dividends rose to 22 cents per share, compared to 18.0 cents in 2007.

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Queensland's largest publicly listed construction and property development company has once again proven they are at the forefront of the industry after being awarded a State Government contract for the expansion of QEII Hospital's Elective Surgery Facilities. The $25 million contract involves Watpac refurbishing and constructing new surgical wards, comprising approximately 30 beds, along with a new operating theatre, and redevelopment of the outpatients' department.

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Watpac's Property division has officially arrived in Victoria, following its recent purchase of a prime development site in Chapel Street, Prahran. The Company plans to develop a retail and residential project on the site overlooking Greville Street, with an end value for this mixed-use project of approximately $50 million.

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Watpac Limited is excited to advise their most recent acquisition, JMS Civil and Mining Pty Ltd (JMS) Group, has secured a long-term mining contract at Blackwater Mine in central Queensland. JMS signed the contract with BHP Billiton Mitsubishi Alliances (BMA) on Friday 1 August, the same day Watpac officially acquired JMS. The project represents the first contract JMS has won since the acquisition.

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Watpac Limited has taken its first steps toward becoming a national business by acquiring the JMS Civil and Mining Pty Ltd (JMS) Group, a business expected to generate around $120 million in revenue in the 2008/2009 financial year. The move is Watpac's first foray into markets beyond the eastern seaboard, and follows the Company's strategic plan of both product and geographic expansion while building on its existing portfolio and skills sets.

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Watpac's reputation for innovation and quality has been recognised again, as their Skilled Park Stadium project took out three awards at the Master Builders Regional Awards on the Gold Coast on Saturday. Watpac topped the field in the categories of Sporting Facilities over $12 million, Innovation in Workplace Health and Safety, and Regional Project of the Year.

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Queensland's leading construction firm has been appointed as the managing contractor for the State Government's Knowledge Based Research and Business Project. The $361 million project will see Watpac design and construct two research precincts at Coopers Plains and the old Boggo Road Gaol site.

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A major expansion and redevelopment of the Hervey Bay marina at Urangan has been announced today by the Hon Paul Lucas MP, Deputy Premier and Minister for Infrastructure and Planning, and the Hon Andrew McNamara MP, Minister for Sustainability, Climate Change and Innovation and Member for Hervey Bay. Watpac together with the Seymour Group has been chosen as the preferred proponent by the Queensland Government to undertake the development.

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ASX-listed construction and property group, Watpac (ASX: WTP), has been awarded the construction of a new television production complex in Sydney's Australian Technology Park. The $120 million commercial office and television studios project will house various aspects of Channel Seven's operations, Pacific Magazines, and Global Television Services.

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ASX-listed construction and property group, Watpac (ASX: WTP), has formally commenced construction of a student accommodation precinct for the University of New South Wales under a PPP arrangementw ith the University and Campus Living Villages Group.

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Continuing its stellar profit run, Queensland's largest publicly listed construction and development company, Watpac Limited (ASX: WTP), announced a 29 per cent increase in its after-tax profit for the half year to 31 December 2007. Shareholders continue to benefit with a 21 per cent increase in fully franked dividends this period compared with 2006.

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