BRITISH TOBACCO
Dividend And Profit Up (N.Z. Press Assn.—Copyright) SYDNEY. Nov. 29. The British Tobacco Company (Australia) Ltd. has edged up its ordinary dividend from 9J to 10 per cent, after higher profit for the year. The company is paying a final 5 per cent on ordinary and B ordinary stock, on January 14, confirming the indicated annual rate when the company made a similar distribution for the first six months of the year. In the previous 12 months, British Tobacco paid two interims—one 2 per cent, another 21 per cent—followed by a final 5 per cent. Return To Rate The latest dividend for the full year returns the company to the rate paid for seven years to 1960. Distribution was cut the following year to 8 per cent following a fall in profit. Directors disclose in the preliminary statement released today that net profit subject to audit, was £1.998.776 for the 12 months to October 31 compared with £1,908,631 for the previous year.
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Bibliographic details
Press, Volume CII, Issue 30302, 30 November 1963, Page 18
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164BRITISH TOBACCO Press, Volume CII, Issue 30302, 30 November 1963, Page 18
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