ANGLO-IRANIAN COMPANY
£24,000,000 Profit Last Year (Rec. 7 p.m.) LONDON, May 7. Britain’s Anglo-Iranian Oil Company did well in 1952 though it received no income from its huge investments in Persia during that period. The net group profit was almost unchanged at £24,395,294. Oil operations at the company’s Persian properties ended in the middle of 1951 after the Persian Government nationalised, them.
The company’s directors recommended a final dividend of 25 per cent on the £20.137,000 of ordinary stock. A bonus of 5 per cent, was also recommended. With an interim dividend of 5 per cent, declared earlier, ordinary shareholders get a total of 35 per cent, for 1952 compared with 30 per cent in the previous year. The largest beneficiary of the higher dividend is the British Government, which holds £11,250,000 of AngloIranian’s ordinary stock, giving it a controlling interest. The Government also received £22,666,344 in taxes from the company.
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Press, Volume LXXXIX, Issue 27035, 9 May 1953, Page 7
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151ANGLO-IRANIAN COMPANY Press, Volume LXXXIX, Issue 27035, 9 May 1953, Page 7
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