CAMBRIDGE CREDIT
Profit Lift Of 2.5 p.c.
(N.Z. Press Assn.—Copyright) SYDNEY, Feb. 16.
Cambridge Credit Corporation, Ltd., lifted audited net profit by 2.5 per cent to £123,653 in the half year to December 31, directors said today. The result remained after tax provision rose by £3592 to £41,416 and depreciation by £749 to £12,128. Directors said the earning rate was 16.6 per cent against 16.2 per cent for the previous corresponding period. If tax had been assessed without taking into account tax benefits from acquired tax loss companies, the net earning rate for the period would have been slightly better than 14 per cent, directors said/
Last year’s reduced 10 per cent dividend had been confirmed with a 5 per cent interim for the current year. Directors said the dividend, which would take £74,660, would be paid on April 15 to shareholders registered on March 9.
Dunlop Bonus.—Dunlop (N.Z.), Ltd., announce that the ex bonus date for its one-for-four issue is March 4. —(P.A.).
H. C. Sleigh.—Ex dividend date for H. C. Sleigh, Ltd.’s interim dividend of 5 per cent is March 2.—(P.A.).
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19650217.2.188.6
Bibliographic details
Press, Volume CIV, Issue 30677, 17 February 1965, Page 17
Word Count
183CAMBRIDGE CREDIT Press, Volume CIV, Issue 30677, 17 February 1965, Page 17
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.
Log in