Company News WILLIAM CABLE HOLDINGS
Net Profit Shows Drop (New Zealand Press Association) WELLINGTON, June 15. Net profit of William Cable Holdings, Ltd., for the year to March 31, 1960, was £141,446, against £211,712 in 1959 and £201,405 in 1958. The holding company’s share of the consolidated net profit before tax was £280,300. Net tax provisions take £138,854. The figures are given in a preliminary statement. The annual report will be
issued in about eight weeks’ time. The directors recommend a final ordinary dividend of 3J per cent., making an unchanged 7 per cent, for the year. Total dividends for the year, including preference, take £134,560, leaving £6886 to be added to unappropriated earnings of £372,533 carried forward. The final ordinary dividend is payable on August 23, and shares will be ex dividend on July 23. The directors also recommend payment of a dividend of 1 per cent, on C redeemable cumulative preference shares in terms of their participating rights, making 6 per cent, for the year. This dividend will be paid on October 1 in conjunction with the next half year’s preference dividend to September 30, 1960, and C preference shares will be ex dividend on September 3.
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Press, Volume XCIX, Issue 29232, 16 June 1960, Page 17
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199Company News WILLIAM CABLE HOLDINGS Press, Volume XCIX, Issue 29232, 16 June 1960, Page 17
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