Company Nates RECOVERY BY KAURI
Back On Div. List fH.Z Praag MELBOURNE; Nov. 22. Kauri Holdings, Ltd., is back dlvkfecl list after a, recovery in profits from , more than a £750.000 loss to a profit; of £173,986 in the year to August Dl. Directors today declared a 5 per cent dividend which is consistent with the forecast made when-the reconstruction plans for the, company were approved by the Supreme Court following two years of successive tosses. Directors also reported that sales in the two months since balance date have been 20 per cent above those of the corresponding period last year. They also say that the profit trend was encouraging. Profit of £173.986 was after providing £157,042 for depreciation and £6BOO for taxation.
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Press, Volume CII, Issue 30296, 23 November 1963, Page 20
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123Company Nates RECOVERY BY KAURI Press, Volume CII, Issue 30296, 23 November 1963, Page 20
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