DIV. LIFT BY MYER
New Rate Is 17| p.c. (N.Z. Press Assn.— MELBOURNE, Sept. 14. Myer Emporium, Australia’s biggest department store group, has raised its ordinary dividend from 16 2-3 per cent to 17| per cent for the year to July 31. Directors say in a preliminary report today that early figures, subject to audit, showed satisfactory increases in sales and profits for the year. Last year, profit rose from £4,748,845 to a new record of £5.277,161. In the six months to January 31, the company earned £3*492,857 but directors emphasised then that “great caution” should be used in interpreting the results of the half-year. Profit Figure Deferred Directors say that after their former practice the preliminary announcement of profit for the full year will be deferred until early October, when the audited consolidated accounts of the company have been completed. Final dividend of 10 per cent will be paid on November 4. Books close October 1. The annual meeting will also be held on November 4 and the public report and accounts should be available about October 18.
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Bibliographic details
Press, Volume CIV, Issue 30856, 15 September 1965, Page 21
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179DIV. LIFT BY MYER Press, Volume CIV, Issue 30856, 15 September 1965, Page 21
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