ASSOC. TOBACCO DIVIDEND
Directors Defer Payment
Directors of Associated Tobacco Mfrs. (Holdings), Ltd., have decided to defer payment of a dividend until after the close of the financial year, states an interim report In the year to June 30,1960. the company paid 64 per cent., including an interim of 2} per cent'. Directors state that the company and its subsidiaries operated profitably during the December, 1960. half-year. Sales of the tobacco subsidiary were slightly lower than for the previous corresponding period. Government Contracts Additional Government contracts have been secured and plans to expand business in New Guinea and other Pacific islands are well advanced. Revenue results for the full year should compare favourably with those of the previous year. The Phoenix Land and Investment Company, Ltd., has continued satisfactory sales of allotments on its Surfers’ Heights estate.
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Bibliographic details
Press, Volume C, Issue 29508, 9 May 1961, Page 19
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137ASSOC. TOBACCO DIVIDEND Press, Volume C, Issue 29508, 9 May 1961, Page 19
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