MOULDED PRODUCTS EXPANSION PLANS
Development plans of Moulded Products (A’asia) Ltd. for the next two or three years would involve major increases in productive and marketing facilities to meet the needs of an expanding market, the chairman (Mr F. L. Fitzpatrick) said at the annual meeting in Melbourne.
Large new projects in vinyl and polythene were included, and the company was acquiring new properties for manufacturing, marketing and storage premises.
Mr Fitzpatrick said that at the company’s present 14 per cent, dividend rate, an earning rate of 22i per cent, was necessary to cover dividend and taxation requirements, without provision for reserves.
It was not possible in a highly competitive market to earn consistently at such a high rate on new money when it was all issued at par. This was the reason behind the proposed issue of 5s shares at a premium and the note issue on a one-for-five basis also at a premium.
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Press, Volume XCIX, Issue 29219, 1 June 1960, Page 21
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155MOULDED PRODUCTS EXPANSION PLANS Press, Volume XCIX, Issue 29219, 1 June 1960, Page 21
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