Shareholders in PMP are unlikely to receive a dividend in the short term as the printing business restructures and pays down debt. The chairman, Ian Fraser, said PMP was dealing with structural changes in the media and print markets, with profits to be hit by "large significant items" in the present year.
Hefty pay rise
The Suncorp boss, Patrick Snowball, received a 50 per cent pay rise in the latest year to $8.27 million. It makes Mr Snowball one of the highest paid chief executives in Australia. The rise was based on a new contract signed last year and a larger cash incentive as Suncorp posted a 60 per cent rise in full year profit.
80 jobs at risk
Resins maker Nuplex Industries will cut up to 80 jobs in a restructure that will close four plants in New Zealand and Australia over the next two years. It will close sites at Canning Vale in Western Australia and Wangaratta in Victoria.
$5b deal off
A developer has blamed the Queensland Premier, Campbell Newman, for a decision to scrap a $5 billion tourism project on the Gold Coast. Singaporean company Sembawang has abandoned its plan to build a 1500-room hotel and casino, plus two cruise ship terminals. It said the decision was made because Mr Newman would not allow a casino to be part of the mix.