REPCO DIV., PROFIT UP
Record Earnings Last Year (N.Z. Press Assn.— Cotryriohl) MELBOURNE August 19 Repco. Ltd., Australia’s biggest manufacturer of automotive parts and equipment has lifted ordinary dividend from 11 2-3 per cent to 15 per cent. 1716 company’s profit rose 26 per cent, to a record level, in the year to June 30. The profit was lifted from last year’s £1.452,372 to the new peak of £1,828.933. Trading Conditions In today's report to the stock exchange, the directors say that trading conditions were consistently good throughout the year. The consolidated profit was after a tax provision increased from £912,220 to £1,114,597. It is also after depreciation up from £630.253 to £694,967. -The final dividend has been lifted from 6 2-3 per cent to 8 1-3 per cent—the interim was raised from 5 per cent to 6 2-3 per cent.
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Press, Volume CII, Issue 30214, 20 August 1963, Page 17
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141REPCO DIV., PROFIT UP Press, Volume CII, Issue 30214, 20 August 1963, Page 17
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