Bradford Cotton Reduces Div.
(N.Z.P.A .-Reuter—Copyright) SYDNEY, August 31. Bradford Cotton Mills, Ltd., is reducing ordinary dividend from 12J to 10 per cent, for the year ended June 30. Final dividend is cut from 6} to 31 per cent., after a steady interim 6} per cent. The 12| per cent, rate had ruled since 1954, after 14 successive years at 10 per cent. Consolidated net profit at £450.505 is a fall of £107,214. or 23.7 per cent., after tax £345,761 (down £91.501).
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Bibliographic details
Press, Volume C, Issue 29607, 1 September 1961, Page 19
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82Bradford Cotton Reduces Div. Press, Volume C, Issue 29607, 1 September 1961, Page 19
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