J. WATTIE CANNERIES
Profit Rises 28.3 p.c. f.V.Z. Press Association) WELLINGTON, October 19. Grpup net profit of J. Wattle Canneries rose £102.654 or 28.3 per cent to £465,874 in the year to July 31. Result was after £100,225 interest on debentures, depreciation £66,286 higher at £348,421 and tax of £365,000. Steady dividend of 11 per cent requires £175,096 and 6 per cent preference dividend £48.000. There is a transfer to general reserve of £175,000, leaving £103,605 to be carried forward. Earning rate on shareholders’ funds of £4.601,350 made up of £2.459.973 capital and £2,141,377 reserves—is 10.1 per cent against 9.8. per cent last year. Profit covers ordinary’ dividend requirements 2.4 times. Shares will be ex dividend on November 12.
N.Z. Breweries Interim Steady (N.Z. Press Association* WELLINGTON, Oct. 19. New Zealand Breweries will pay an interim dividend of 5 per cent—the same rate as last year. The chairman, Mr M. O. Barnett, said that profits for the half-year to September 30 were a record for the first half of the company’s trading year. Shares are ex dividend on November 12. Total dividend last year was 11 per cent.
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Press, Volume CVI, Issue 31195, 20 October 1966, Page 26
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188J. WATTIE CANNERIES Press, Volume CVI, Issue 31195, 20 October 1966, Page 26
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