I.A.C. Holdings Earnings Up
(N.Z. Press Assn.—Copyright) MELBOURNE. February 7. I.A.C. (Holdings), Ltd., big hire purchase group, earned less from finance operations in the year to December 31, but bigger receipts from insurance business increased group net earnings from £1,717.107 to £1,760.028. Consolidated result was after edging up tax from £1.136,699 to £1,191,506.
Ordinary dividend has been held at 16 2-3 per cent, for the eighth successive year. Last year this payout required £1,366.666.
Wellington Gas. Final ordinary dividend is 3 per cent., making 6 per cent, for year (unchanged.'); payable February 22, ex February 15.
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Bibliographic details
Press, Volume CI, Issue 29742, 8 February 1962, Page 17
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96I.A.C. Holdings Earnings Up Press, Volume CI, Issue 29742, 8 February 1962, Page 17
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