PROFIT CUT BY N.Z.U.C.
Div. Steady At 10 p.c. (N.Z. Press Association) WELLINGTON, May 16. Net tax-paid profit of New Zealand United Corporation for the year to March 31 was £40,891. This compares with last year’s profit of £53,859 which took in non-recurring income of £2834. The directors have recommended a final dividend of 5 per cent, making a steady 8 per cent for the year. Ordinary share capital has been increased since the payment of the interim dividend by a one-for-10 cash issue. Total dividends, including preference, require £32,496 (against £30,286 last year). Share premium account now totals £26,333 (£10,000) increased by the premium of 5s a share on the cash issue. Other capital reserveshave risen to £59,448 (£55,416). Revenue reserves, including retained earnings, total £59,656 (£51,248).
Consolidated Brick and Pipe.— The debenture transfer book and registers of Consolidated Brick and Pipe Investments, Auckland brick, pipe, tile and pottery manufacturer, will be closed from May 30 to 31, both dates inclusive, for payment of half-yearly interest payable June 1; ex Interest 1.6.66.
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Bibliographic details
Press, Volume CV, Issue 31062, 18 May 1966, Page 21
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173PROFIT CUT BY N.Z.U.C. Press, Volume CV, Issue 31062, 18 May 1966, Page 21
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