AUCK. TRANS. PROFIT
Listing W ill Be Sought (N.Z. Press Association) AUCKLAND, April 29. Combined tax-paid profit of the companies constituting Auckland Transport Holdings exceeded £37,000 in the year to March 31, the chairman (Mr James B. Donald), told shareholders at the statutory meeting today. This would represent an earning rate of 12.3 per cent on present paid capital of £299.809. As announced, directors expect an initial dividend of at least 6 per cent to be paid in June next year. Listing was expected within a few weeks, Mr Donald said. Of the combined profit of North Shore Transport Company, Johnston’s Blue Motors, Suburban Buses and Henleys Engineering, less than onethird was derived from the public passenger service. Nominal capital has been raised by £200,000 to £500,000. A. And S. Lift All Sales (N.Z. Press Association) WELLINGTON, April 29. Sales of all products of Armstrong and Springhall, office equipment suppliers based in Wellington, were ahead in the nine months to March 31 compared with the same period of last year, according to the New Zealand Stock Exchange Association. Interim ordinary dividend is 4 per cent payable on May 26. Last year interim was 5 per cent followed by a final 7J per cent, making 12 J per cent for the year.
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Bibliographic details
Press, Volume CIV, Issue 30738, 30 April 1965, Page 16
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211AUCK. TRANS. PROFIT Press, Volume CIV, Issue 30738, 30 April 1965, Page 16
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