Giant Ind. Group Profit Slumps

Press, Volume CIV, Issue 30927, 7 December 1965, Page 21

Giant Ind. Group Profit Slumps

f' JRhMB ASSMWMMM WELLINGTON, Dee. fi. Group net profit ot Giant bdoatriefl, Ltd, Wellington, paint mannfiftAurars, stamped by 62.7 per cent to £6853, in the year to September 80.

_ - r - - ■ Ab aumunced to a pretenknry atotenwot, there wft be cent wm paid bat titie year Last year a dMdend cf 7 per cent wm paid butt «Me year a'l4 per cent interim dMdeod, requiring £2200, wm the . a. - mi -a on -wo _ Oay QmfWilKMWl. The Chatman (Mr W. J. Candy) in hie review ascribes the lateat profit drop to tocreaaed expensea, extremely teen compeMbon which tapt prices down, mm a general tbeence of MqtodNy. The result wm reacted after providing £733 Mm for

fttriiMlni at MB «nfl flto M for teaflM at - Becerfl floiee Satae for flte yuar were Km Mgteot en rooted, tte ctetemen reports. Hoewver. trading profit dropped from to fMfll. The latent yeark dhddeod flMrtbotion ef £2XO corepans with tte total oenrapri. MM of £12,8M tafl year. Carryforward is £3089 (U t ‘ The tatence .stoat toMM ohasMtotoere* funds £MgN Mfltar at £258,745. Bsreinfl rate on them funds dlpe frond 5.8 per cent to 10 par «mk| and Ito rate on steadly safito my capital cf £lBOOOO stetes from 7> to 2S per eeoL Ttore ensuing intea do not include tame by a sotaMtare, Giant Surface CoattncL Ltd, which are not dealt with in the group accounts. TOe torn incurred by thia subaldtery in the latest term wm £3250, making an accumteted km of £22,008. NX Index The Beserve Bank’s index ef share prices in New Zealand (January 37. 1858, equals 1000) Is:— 1833 N.Z. Au«t December 20 .. 1322 1251 1883 December 18 ... ISIS IMI 1884 December 17 .. 1811 1384 1845 January 28 .. 1838 1512 February 11 .. •1488 1517 March 23 .. .. 1418 1378 April 13 ~ .. 1588 1373 May 37 .. .. 1432 1387 June 24 .. .. 1373 1388 July 28 .. .. 1381 137 h August 28 .. 1548 1370 September 38 .. 1514 IMS Oct. 21 .. 1334 1277 Oct. 28 .. 1527 1281 Nov. 4 .« 1524 1348 Nov. 11 .. .. 1521 1312 Nov. 18 .. .. 1481 1547 NOV. 25 ... 1474 1288 Dec. 2 ..1488 1278 • Peek