OAMPS Chairman John Jones must be getting used to transmitting good news about the company’s recovery from the doldrums of a few years ago. The company has now announced a record net profit after tax of $11.5 million for 2001/02 – a 52% increase on last year’s results.

And it’s predicting an even better 2002/03 year. In a statement to the ASX, OAMPS said the group has again budgeted to achieve significant profit growth and is confident of a further 35% increase in profit.

In an effort to increase the liquidity of OAMPS stock and increase shareholder participation of the company, the board has decided to give shareholders one additional share for every two shares held.