N.Z. Newspapers Dividend Up
The directors of New Zealand Newspapers, Ltd., Auckland are recommending an increase in this year’s dividend distribution. The recommended final dividend is 5 per cent., making a total of 8J per cent, for the year on capital increased by a on-e-for-two bonus issue. Last year the total dividend was 11 per cent., equivalent to 7 1-3 per cent, on the new capital. The consolidated net profit in the year ended March 31 was steady at £288,331. This represents a drop of £2618. or 0.9 per cent., from last year’s total. The dividend will require £154,105, compared with £ 132,420 last year. It is payable on June 27, ex May 24.
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https://paperspast.natlib.govt.nz/newspapers/CHP19630510.2.170.7
Bibliographic details
Press, Volume CII, Issue 30127, 10 May 1963, Page 17
Word Count
113N.Z. Newspapers Dividend Up Press, Volume CII, Issue 30127, 10 May 1963, Page 17
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Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.
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