REPCO HALFYEAR
Profit Rises To £l.Bm Repco, Ltd- Australian automotive parts maker, increased consolidated net profit by £127,160 to £1,170,766 in the half-year to December 31. Sales were a record for a six months’ period, directors say in the interim report. Current trading conditions are good. The forward outlook indicates that a satisfactory result would be achieved for the current financial year to June 30, they say. The profit is after tax, £831,654 (up £110,352) and depreciation £413,396 (up £68,376). Interim dividend is steady at 7 J per cent.
Press Bonus, Share Split
The Christchurch Press Company, Ltd., proposes to abolish the distinction between its present ordinary shares and to split the 20s shares into 10s shares.
A special meeting on March 19 will be asked to approve these moves and the capitalisation of £50,000 from pre-1957 profits for the one-for-six bonus issue.
The bonus shares, which will raise issued capital to £350,000 in 700,000 fully pad 10s shares, will not take part in the final dividend for the year to March 31, but will qualify for all dividends after that.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19650302.2.232
Bibliographic details
Press, Volume CIV, Issue 30688, 2 March 1965, Page 17
Word Count
181REPCO HALFYEAR Press, Volume CIV, Issue 30688, 2 March 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