N.Z. Ind. Gases Lift Profit 19 p.c.
The consolidated net profit of New Zealand Industrial Gases, Ltd., for the year ended Septemeber 30 was £278,800, an increase of 19 per cent on the £234,099 earned in the previous year.
The directors announced the result yesterday. A 6 per cent, final ordinary dividend will make an un-
changed 10 per cent, for the year. The total ordinary dividend will require £lOO,OOO. After allowing £9900 for the 51 per cent, preference charge the profit will cover the ordinary dividend 2.7 times. The figures were announced subject to their being audited. Dividends will be payable after the annual meeting on December 15 and shares will be ex dividend on December 2.
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Bibliographic details
Press, Volume CVI, Issue 31209, 5 November 1966, Page 20
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118N.Z. Ind. Gases Lift Profit 19 p.c. Press, Volume CVI, Issue 31209, 5 November 1966, Page 20
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